Par Pacific Holdings Inc. - 2016-06-16
Description
Will offer $100 million of convertible senior notes due 2021 in a private placement. Net proceeds will finance a portion of the purchase price of the pending acquisition of Hermes Consolidated LLC (d/b/a Wyoming Refining Co.) They will also prepay $5 million of the outstanding principal amount of the term loan under its delayed-draw term loan and bridge loan credit agreement and support general corporate purposes. Initial purchasers received a 30-day option to purchase up to $15 million in additional notes.