Porter Hedges Represents Par Pacific Holdings in a $74.8 Million Registered Direct Offering
Porter Hedges represented Par Pacific Holdings, Inc. (“Par Pacific”) in the sale of 3,400,000 shares of its common stock at a price of $22.00 per share, for anticipated gross proceeds of approximately $74.8 million. Par Pacific plans to use the net proceeds of the offering for working capital and general corporate purposes.
Par Pacific, headquartered in Houston, Texas, is a growth-oriented company that manages and maintains interests in energy related assets. Through subsidiaries, it owns and operates a 94 Mbpd refinery with related logistics and retail network in Hawaii. Par Pacific also transports, markets and distributes crude oil from Western U.S. and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii.
For additional information, please see Par Pacific press release here.