---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-038429"
form_type: "8-K"
ticker: "PARR"
cik: "0000821483"
company_name: "PAR PACIFIC HOLDINGS, INC."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:40:14.811414+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 margin by 50 bps, cuts interest expense

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-038429
- form_type: 8-K
- ticker: PARR
- cik: 0000821483
- company_name: PAR PACIFIC HOLDINGS, INC.
- filed_at: 2025-12-19T23:59:59+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/821483/000143774925038429/0001437749-25-038429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821483/000143774925038429/parr20251219_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-038429
- JSON: https://secwatch.observer/filing/0001437749-25-038429.json
- Plain text: https://secwatch.observer/filing/0001437749-25-038429.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821483/000143774925038429/0001437749-25-038429-index.htm

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