Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PAR PACIFIC HOLDINGS, INC. incurred credit facility of $900,000,000 with Wells Fargo Bank, National Association.
- Instrument
- credit facility
- Principal
- $900,000,000
- Counterparty
- Wells Fargo Bank, National Association
- Event
- incurrence
Exact text from the filing
Second Amendment provided for, among other things (i) incremental commitments that increase the total revolver commitment under the ABL Loan Agreement to $900,000,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PAR PACIFIC HOLDINGS, INC. terminated First Lien ISDA 2002 Master Agreement with Merrill Lynch Commodities, Inc. valued at Wind-Down and Termination Agreement terminated the First Lien ISDA Agreement; cash collateral and fe (effective 2023-10-04).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- Merrill Lynch Commodities, Inc.
- Value
- Wind-Down and Termination Agreement terminated the First Lien ISDA Agreement; cash collateral and fe
- Effective
- 2023-10-04
Exact text from the filing
On October 4, 2023, U.S. Oil & Refining Co., a Delaware corporation (“ USOR ”), Par Petroleum, LLC, a Delaware limited liability company (“ Par LLC ”), and McChord Pipeline Co., a Washington limited liability company (“ McChord ”), collectively, USOR, Par LLC and McChord are referred to herein as the “ USOR Parties ”, each being an indirect wholly-owned subsidiary of Par Pacific Holdings, Inc. (the “ Company ”), entered into that certain Wind-Down and Termination Agreement (the “ Wind-Down Agreement ”) with Merrill Lynch Commodities, Inc. (“ MLC ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PAR PACIFIC HOLDINGS, INC. entered into Second Amendment to Asset-Based Revolving Credit Agreement and Joinder Agreement with Wells Fargo Bank, National Association (as administrative agent and collateral agent) valued at Second Amendment increased ABL revolver commitments to $900,000,000 with potential for future increm (effective 2023-10-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association (as administrative agent and collateral agent)
- Value
- Second Amendment increased ABL revolver commitments to $900,000,000 with potential for future increm
- Effective
- 2023-10-04
Exact text from the filing
On October 4, 2023, Par LLC, Par Hawaii, LLC, a Delaware limited liability company (“ Par Hawaii ”), Hermes Consolidated, LLC, a Delaware limited liability company (“ Hermes ”), Wyoming Pipeline Company LLC, a Wyoming limited liability company (“ WPC ”), Par Montana, LLC, a Delaware limited liability company (“ Par Montana ”), Par Rocky Mountain Midstream, LLC, a Delaware limited liability company (“ Par Rocky ”), USOR, Par Pacific Holdings, Inc., a Delaware corporation (the “ Company ”), and certain wholly-owned direct or indirect subsidiaries of Par LLC as guarantors, entered into that certain Second Amendment to Asset-Based Revolving Credit Agreement and Joinder Agreement dated October 4, 2023 (the “ Second Amendment ”) with Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacity, “ ABL Agent ”), and the incremental lenders and lenders party thereto (the “ ABL Lenders ”).
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