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Par Pacific announces $100M notes offering

May 27, 2020 1:53 PM ETPar Pacific Holdings, Inc. (PARR) StockPARRBy: Vandana Singh, SA News Editor
  • Par Pacific (PARR +7.3%) announces that its subsidiaries Par Petroleum and Par Petroleum Finance Corp will offer $100M senior secured notes due 2026 via private offering.
  • The Notes will be secured on a pari passu basis with the same collateral that secures the Issuers’ existing 7.750% Senior Secured Notes due 2025 and the Issuers’ existing Term Loan B facility
  • Net proceeds of the proposed offering are intended to be used for general corporate purposes.

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