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Par Pacific Unit Prices $500 Million Private Debt Offering

BY MT Newswires | CORPORATE | 05/12/26 04:01 AM EDT

04:01 AM EDT, 05/12/2026 (MT Newswires) -- Par Pacific's (PARR) Par Petroleum subsidiary priced a $500 million privately-placed offering of 7.375% senior unsecured notes at face value, the parent company said late Monday.

Net proceedings from the offering, expected to close on Thursday, are expected to be used to pay down other debt, the company said.

Shares of the company were up 1.1% in Tuesday's premarket trading.

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

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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.

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