secwatch.observer — SEC 8-K summary
======================================

Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001437749-23-027901
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Par Pacific increases ABL revolver to $900M; terminates Merrill Lynch ISDA facility
--------------------------------------------------------------------------------

- ABL revolver commitments increased to $900M, with future incremental capacity up to $400M.
- USOR, McChord and USOT added as borrowers under ABL; liens on substantially all assets granted.
- First Lien ISDA with Merrill Lynch Commodities terminated; all liens on USOR parties' collateral released.
- USOR provided cash collateral and fees to MLC as part of wind-down conditions; certain letters of credit to be cancelled.
- Limited consent from MUFG Bank obtained for ABL increase, effective October 4, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774923027901/0001437749-23-027901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774923027901/parr20231006_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027901

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer