Par Pacific (PARR) Prices 5M Share Common Offering at $16/Sh

March 17, 2021 5:59 AM EDT

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Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it has priced an underwritten public offering of 5,000,000 shares of common stock at a price to the public of $16.00 per share of common stock. The underwriters have an option for 30 days to purchase up to an additional 750,000 shares of common stock from the Company. The offering is expected to close on March 19, 2021, subject to customary closing conditions.

The Company intends to use the net proceeds of this offering for general corporate purposes, including repaying indebtedness, capital expenditures and funding working capital.

J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as joint lead bookrunners, and BofA Securities, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Simmons Energy | A Division of Piper Sandler and Tudor, Pickering, Holt & Co. Securities, LLC are acting as co-managers for the offering.

The offering is being made pursuant to an effective shelf registration statement, which has been filed with the Securities and Exchange Commission (the “SEC”) and became effective February 15, 2019.



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