---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-011487"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T01:13:25.877581+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Par Pacific reduces term loan interest margin by 50 bps, eliminates SOFR adjustment

## Summary
- Base rate loans now at base rate plus 2.75%; SOFR loans at SOFR plus 3.75%, down 50 bps from prior margins.
- 10 bps Term SOFR Adjustment eliminated from Adjusted Term SOFR definition.
- Additional 25 bps margin reduction if Moody's rates Par Borrower Ba3 (stable) and S&P BB- (stable).
- Non-consenting lenders assigned to Wells Fargo as New Lender on April 8, 2024 effective date.

## SEC filing metadata
- accession: 0001437749-24-011487
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821483/000143774924011487/0001437749-24-011487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000143774924011487/parr20240405_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-011487
- JSON: https://secwatch.observer/filing/0001437749-24-011487.json
- Plain text: https://secwatch.observer/filing/0001437749-24-011487.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774924011487/0001437749-24-011487-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774924011487/0001437749-24-011487-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.