debt
confidence high
sentiment neutral
materiality 0.50
Par Pacific closes $100M incremental term loan increase to $650M total
PAR PACIFIC HOLDINGS, INC.
- Incremental term loan of $100M funded net of 1% OID ($1M discount) on Nov 25, 2024.
- Quarterly amortization of $250,000 begins Dec 31, 2024; same maturity as existing loans.
- Proceeds used for general corporate purposes and to pay fees and expenses.
- Incremental lender is Wells Fargo Bank; amendments to credit agreement executed.