Par Pacific Announces Expected Term Loan Repricing
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
Company Research
Source: GlobeNewswire
HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced it expects to reprice and allocate its existing term loan credit agreement due 2030 (the “Term Loan Facility”). The repricing amendment, which is subject to execution of definitive documentation and customary closing conditions, will reduce the Applicable Margin under the Term Loan Facility by 50 basis points, such that Base Rate loans and SOFR loans will bear interest at the applicable base rate plus 2.75% and 3.75%, respectively. In addition, the amendment will eliminate the Term SOFR Adjustment of 10 basis points with respect to loans under the Term Loan Facility. On March 22, 2024, Par Pacific announced that Moody’s Investors Service upgraded the company’s corporate family rating to Ba3 from B1. The amendment provides that if Par Pacific receives a further ratings upgrade from S&P, the annual interest rates under the Term Loan Facility will be reduced by an additi
Show less
Read more
Impact Snapshot
Event Time:
PARR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PARR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PARR alerts
High impacting Par Pacific Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
PARR
News
- Should Value Investors Buy Par Pacific (PARR) Stock? [Yahoo! Finance]Yahoo! Finance
- Down -21.46% in 4 Weeks, Here's Why Par Petroleum (PARR) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- Par Petroleum (PARR) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Are You Looking for a Top Momentum Pick? Why Par Petroleum (PARR) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Par Pacific (PARR) Right Now? [Yahoo! Finance]Yahoo! Finance
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