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. amended credit facility with Wells Fargo Bank, National Association at base rate plus 2.75% and 3.75%, respectively.
- Instrument
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- base rate plus 2.75% and 3.75%, respectively
- Event
- amendment
Exact text from the filing
The Amendment provided for, among other things, (i) a reduction in the Applicable Margin under the Term Loan Agreement by 50 basis points, such that base rate loans and SOFR loans will bear interest at the applicable base rate plus 2.75% and 3.75%, respectively and (ii) the elimination of the Term SOFR Adjustment of 10 basis points with respect to loans under the Term Loan Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PAR PACIFIC HOLDINGS, INC. amended Amendment No. 1 to Term Loan Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (effective 2024-04-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
- Effective
- 2024-04-08
Exact text from the filing
On April 8, 2024, Par Pacific Holdings, Inc., a Delaware corporation (the “ Company ”), Par Petroleum, LLC, a Delaware limited liability company (“ Par LLC ”), Par Petroleum Finance Corp., a Delaware corporation (“ Finance Corp. ”), and the guarantors party thereto entered into that certain Amendment No. 1 to Term Loan Credit Agreement, dated as of April 8, 2024 (the “ Amendment ”), with Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “ Term Loan Agent ”), and the lenders party thereto.
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