Loan & DebtMay 11, 2026, 08:15 AM
Par Pacific Subsidiary to Offer $500M Senior Unsecured Notes
AI Summary
Par Pacific Holdings, Inc. announced that its wholly owned subsidiary, Par Petroleum, LLC, intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2034. This offering will be conducted as a private placement to qualified institutional buyers and non-U.S. persons. The notes are expected to be fully guaranteed by Par Pacific and its relevant subsidiaries, and the proceeds will be used to repay and terminate Par Petroleum’s existing term loan due 2030.
Key Highlights
- Par Petroleum, a Par Pacific subsidiary, intends to offer $500 million in senior unsecured notes due 2034.
- The notes will be offered in a private placement under Rule 144A and Regulation S.
- Par Pacific and its subsidiaries will fully and unconditionally guarantee the notes.
- Net proceeds will be used to repay and terminate Par Petroleum's term loan due 2030.