Par Pacific Announces Closing of Private Placement of $500 Million of Senior Notes and Increase and Extension of ABL

Today, Par Pacific Holdings, Inc. disclosed that its subsidiary, Par Petroleum, LLC, successfully completed a private placement, raising $500 million through the issuance of 7.375% senior unsecured notes due 2034. The Offering, conducted in accordance with Rule 144A and Regulation S under the Securities Act of 1933, saw an increase in lender commitments for its senior secured asset-based revolving credit facility (the “ABL Credit Facility”) to a maximum of $1.8 billion with the maturity date extended to 2031.