Porter Hedges Represents Par Pacific Holdings in its Pricing of Private Offering of $105 Million of 12.875% Senior Secured Notes Due 2026

Firm News
05.28.2020

Porter Hedges represented Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific") and wholly-owned subsidiaries Par Petroleum, LLC and Par Petroleum Finance Corp. in the pricing of a private offering of $105 million aggregate principal amount of 12.875% senior secured notes due 2026 (the "Notes"). The Notes are being offered in a private offering only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933. The offering is expected to close on June 5, 2020, subject to customary closing conditions.

Par Pacific Holdings, Inc., headquartered in Houston, Texas, owns and operates market-leading energy, infrastructure and retail businesses. Par Pacific's strategy is to acquire and develop businesses in logistically complex markets.

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