secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001437749-24-011487
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774924011487/0001437749-24-011487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774924011487/parr20240405_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-011487

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