Par Pacific Holdings Announces Offering Of Convertible Senior Notes

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Go back to Par Pacific Holdings Announces Offering Of Convertible Senior Notes

Par Pacific (PARR) Prices $100M of Convertible Senior Notes

June 16, 2016 9:46 AM EDT

Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific" or the "Company") today announced the pricing of $100 million aggregate principal amount of 5.00% convertible senior notes due 2021 (the "notes"), in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). The Company has also granted the initial purchasers an option to purchase up to $15 million aggregate principal amount of additional notes.

The sale of the notes to the initial purchasers is expected to settle on June 21, 2016, subject to customary closing conditions, and is expected to result in... More