Par Pacific announces expected increase in ABL commitments to up to $1.4 billion [Seeking Alpha]
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
Company Research
Source: Seeking Alpha
The increase is expected to be based, in part, on the addition of certain collateral assets in Hawaii, including refined product inventory and accounts receivable. Par Pacific also intends to refinance its existing working capital financing facilities for its Hawaii operations with a combination of funds from the increased ABL facility and a smaller crude-only intermediation agreement. The financing is anticipated to reduce the company's working capital financing costs by about $10M per year and increase flexibility of funding, the company added. Recommended For You More Trending News Recommended For You More Trending News About PARR Stock Related Stocks Trending Analysis Trending News
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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