secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001437749-24-019293
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Par Pacific secures new crude intermediation facility with Citi; ABL commitments increased to $1.4B
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- New crude-only intermediation facility with Citigroup Energy Inc. effective May 31, 2024, term 36 months, replaces J. Aron facility.
- ABL lender commitments increased to up to $1.4 billion, secured by additional collateral assets in Hawaii including refined product inventory and receivables.
- Previous supply/offtake agreement with J. Aron & Company LLC terminated on May 31, 2024, without penalties; related security and credit agreements terminated.
- Par Pacific's subsidiary Par Hawaii Refining is borrower; Par Petroleum LLC provides unsecured guaranty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774924019293/0001437749-24-019293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774924019293/parr20240605_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-019293

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