Porter Hedges Represents Par Pacific in its Agreements to Exchange $31.7 Million of its 5.00% Convertible Senior Notes Due 2021 for Common Stock and Cash

Porter Hedges represented Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) in its privately negotiated exchange agreements with a limited number of holders of its 5.00% Convertible Senior Notes due 2021. Pursuant to the exchange agreements, Par Pacific will exchange approximately $31.7 million in aggregate principal amount of notes for (i) 1,303,344 newly issued shares of common stock plus (ii) approximately $14.8 million in cash.

The Porter Hedges team included James Cowen and Adam Nalley, with assistance from Joyce Soliman, Brian Rose and Joe Laurel.   

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.

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

Related Practices
Related Industries
Related Files
Related Links