Convertibles Calendar: PAR Technology on tap

April

PAR TECHNOLOGY CORP.:

• $60 million five-year convertible notes

• Greenshoe of $10 million

• Coupon of 4.25% to 4.75% and initial conversion premium of 30% to 35%

• Non-callable until April 15, 2022 then subject to a 130% hurdle with a make-whole

• Rule 144A

• Jefferies & Co.

• Proceeds to repay and cancel credit facility, for general corporate purposes and may be used for acquisitions and investments in complimentary businesses.

• New Hartford, N.Y.-based software and service solutions provider to the restaurant and retail industries

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