Par Pacific Announces Amendment to ABL Credit Facility and Credit Rating Upgrade by Moody’s Investors Service
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
Company Research
Source: GlobeNewswire
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that, on March 22, 2024, it entered into the previously announced amendment to its asset-based revolving credit facility (“ABL”). The ABL amendment will increase the size of the Company’s ABL from $900 million to $1.4 billion and is conditioned upon the termination of the Company’s existing intermediation agreement, which is expected to occur on or about May 31, 2024. The increase is based, in part, on the addition of certain collateral assets in Hawaii, including refined product inventory and accounts receivable. In addition, the Company today announced that Moody’s Investors Service has upgraded its corporate family rating to Ba3 from B1. About Par PacificPar Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. In the Pacific Northwest and
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PARR
Earnings
- 2/27/24 - Miss
PARR
Sec Filings
- 4/9/24 - Form 8-K
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- PARR's page on the SEC website