Par Pacific reduces term loan margin by 50 bps, cuts interest expense

PAR PACIFIC HOLDINGS, INC.

Amendment No. 3 to term loan reduces margin 50 bps; base rate loans now base+2.25%, SOFR loans 3.25%.
Existing non-converted Initial Loans prepaid in full with proceeds from new Amendment No. 3 Loans.
Hawaii Renewables, LLC JV enters $25M uncommitted LC facility with Wells Fargo for crude & soybean oil supply.
Borrowers reaffirm guarantees, liens, and deliver solvency certificate on amendment effective date.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

PAR PACIFIC HOLDINGS, INC. amended term loan with Wells Fargo Bank, National Association at base rate plus 2.25%.

Instrument: term loan
Counterparty: Wells Fargo Bank, National Association
Rate: base rate plus 2.25%
Event: amendment

Exact text from the filing

The TL Amendment provided for, among other things, 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 2.25% and 3.25%, respectively.

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Source: SEC EDGAR

accession 0001437749-25-038429

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