Par Pacific Announces Expected Term Loan Repricing [Yahoo! Finance]
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
Company Research
Source: Yahoo! Finance
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 additional 0.25%. “Our strong operating performance and record financial results over the past year have enabled us to reprice our term loan facility on imp
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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