Par pacific announces expiration and results for 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. 24, 2023 (globe newswire) -- par pacific holdings, inc. (nyse: parr) (“par pacific”) today announced the expiration and results of the previously announced cash tender offers by par petroleum, llc (the “company”) to purchase (i) any and all of the approximately $281,000,000 outstanding aggregate principal amount of the 7.750% senior secured notes due 2025 (the “2025 notes”) issued by the company and par petroleum finance corp. (together with the company, the “issuers”), 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 (together with the 2025 notes, the “notes”), with a portion of the net proceeds from the issuers' proposed entry into a private senior secured term loan b due 2030.
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