Par Pacific Prices $500M Senior Notes at 7.375% Due 2034 for Refinancing
Summary
Par Pacific Holdings announced the pricing of its private placement of $500 million in 7.375% senior notes due 2034. This follows the company's earlier announcement on May 11 regarding its intent to offer these notes. The $500 million debt issuance is a material financing event for the company, and the confirmed interest rate and maturity date provide clarity on its future cost of capital. The proceeds from this offering are intended to repay an existing term loan due 2030, representing a refinancing of debt. The offering is expected to close on May 14, 2026.
At the time of this announcement, PARR was trading at $65.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $17.48 to $70.39. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.