Par pacific announces cash tender offers for any and all of its subsidiaries' outstanding 7.750% senior secured notes due 2025 and 12.875% senior secured notes due 2026

Houston, feb. 15, 2023 (globe newswire) -- par pacific holdings, inc. (nyse: parr) (“par pacific”) today announced that par petroleum, llc (the “company”) and par petroleum finance corp. (together with the company, the “issuers”) commenced cash tender offers to purchase (i) any and all of the approximately $281,000,000 outstanding aggregate principal amount of the issuers' 7.750% senior secured notes due 2025 (the “2025 notes”), and (ii) any and all of the approximately $31,314,000 outstanding aggregate principal amount of the issuers' 12.875% senior secured notes due 2026 (the “2026 notes” and, together with the 2025 notes, the “notes”), with a portion of the net proceeds from the issuers' concurrent entry into a private senior secured term loan b due 2030. the tender offers are being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of february 15, 2023. the tender offers will expire at 5:00 p.m., new york city time, on february 23, 2023 (as such time and date may be extended, the “expiration time”). tendered notes may be withdrawn at any time before the expiration time.
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