Small font size A Larger text size A Largest text size A

Par Pacific Unit Plans $500 Million Private Placement of Senior Notes

BY MT Newswires | CORPORATE | 09:54 AM EDT

09:54 AM EDT, 05/11/2026 (MT Newswires) -- Par Pacific (PARR) said Monday its Par Petroleum unit plans to offer $500 million of senior unsecured notes due 2034 in a private placement.

The company said Par Pacific (PARR) and certain subsidiaries are expected to guarantee the notes on a senior unsecured basis.

Par Pacific (PARR) said it plans to use the net proceeds from the offering, along with cash on hand or borrowings under its asset-based revolving credit facility, to repay and terminate Par Petroleum's term loan due 2030.

PARR shares were up 2% in early trading Monday.

Price: 65.06, Change: +0.69, Percent Change: +1.06

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

April US Overall Consumer Prices Expected to Rise by 0.6% After Energy Surge in March BY MT Newswires |ECONOMIC 02:28 PM EDT
Sector Update: Financial Stocks Mixed Monday Afternoon BY MT Newswires |TREASURY 02:11 PM EDT
BRIEF-Moody's Ratings Upgrades Telecom Italia's Ratings To Ba1; Outlook Stable BY Reuters |CORPORATE 01:55 PM EDT
US Equity Indexes Mixed, Crude Oil Rises With Treasury Yields as Iran Ceasefire on 'Massive Life Support' BY MT Newswires |TREASURY 01:07 PM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article