Porter Hedges Represents Par Pacific Holdings in a Public Offering of Common Stock

Porter Hedges represented Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific") in an underwritten public offering of 5,000,000 shares of common stock at a price to the public of $16.00 per share of common stock. The underwriters have an option for 30 days to purchase up to an additional 750,000 shares of common stock. The offering is expected to close on March 19, 2021, subject to customary closing conditions.

Par Pacific intends to use the net proceeds of the offering for general corporate purposes, including repaying indebtedness, capital expenditures, and funding working capital.

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.