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Porter Hedges Represents Par Pacific in $300M Senior Secured Notes Offering and ABL Credit Facility

Porter Hedges represented Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) and its wholly-owned subsidiaries, Par Petroleum, LLC ("Par Petroleum") and Par Petroleum Finance Corp., in its private offering of $300 million aggregate principal amount of 7.750% senior secured notes due 2025.

In connection with the closing of the notes offering, Par Petroleum and its subsidiaries also entered into a new asset-based secured revolving credit facility with commitments of $75 million in order to provide ongoing working capital and for general corporate purposes.

Par Pacific Holdings, Inc., based in Houston, Texas, owns, manages and maintains interests in energy and infrastructure businesses. Par Pacific's strategy is to identify, acquire and operate energy and infrastructure companies with attractive competitive positions.

The Porter Hedges team for the notes offering included James Cowen, Nick Nicholas, Adam Nalley, Nickie Tran, Emily Ashby, and Sherie Hollinger.

The team for the ABL credit facility included Joyce Soliman, Brian Rose, Shayla Friesen, Sergio Gonzalez, and Cheri Olivio.

Jim Reardon, Beverly Young, Derek Forinash, and Kevan Richards also provided assistance on these transactions.

For additional information, please see the Par Pacific press release here.

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