Par Pacific Announces Paydown of $85 Million Principal Amount of Debt
HOUSTON, June 15, 2021 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced the paydown of an aggregate
On June 14, 2021, Par Petroleum LLC redeemed
On June 15, 2021, the remaining
In addition, Par Hawaii Refining, LLC (“PHR”) recently announced that it had entered into a Second Amended and Restated Supply and Offtake Agreement with J. Aron & Company LLC, pertaining to crude oil supply and offtake arrangements for PHR’s Hawaii refineries, effective through May 31, 2024.
“As a result of these debt repayments, we have reduced our outstanding funded debt by
About Par Pacific
Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, owns and operates market-leading energy, infrastructure, and retail businesses. Par Pacific’s strategy is to acquire and develop businesses in logistically complex markets. Par Pacific owns and operates one of the largest energy networks in Hawaii with 94,000 bpd of operating refining capacity, a logistics system supplying the major islands of the state and 90 retail locations. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 60,000 bpd of combined refining capacity, related multimodal logistics systems, and 31 retail locations. Par Pacific also owns
For more information contact:
Ashimi Patel
Senior Manager, Investor Relations
(832) 916-3355
apatel@parpacific.com