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Par Pacific to refinance secured notes due 2025, 2026
By Mary-Katherine Stinson
Lexington, Ky., Feb. 3 – Par Pacific Holdings, Inc. plans to use proceeds from a new term loan to refinance its 7¾% senior secured notes due 2025 and its 12 7/8% senior secured notes due 2026, according to a press release.
The purpose of the refinancing is to extend the company’s maturity profile and simplify its capital structure.
Par Pacific is a Houston-based owner-operator of energy, infrastructure and retail businesses.
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