Par pacific announces expected term loan repricing

Houston, march 28, 2024 (globe newswire) -- par pacific holdings, inc. (nyse: parr) (“par pacific”) today announced it expects to reprice and allocate its existing term loan credit agreement due 2030 (the “term loan facility”). the repricing amendment, which is subject to execution of definitive documentation and customary closing conditions, will reduce the applicable margin under the term loan facility by 50 basis points, such that base rate loans and sofr loans will bear interest at the applicable base rate plus 2.75% and 3.75%, respectively. in addition, the amendment will eliminate the term sofr adjustment of 10 basis points with respect to loans under the term loan facility.
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