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

Firm News
12.21.2017

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.

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