Brief: Par Pacific Announces Expected Increase ABL Commitments About $1.4 Bln And Replacement Of Intermediation Facility

Par Pacific Holdings

20/03/2024 21:17

March 21 (Reuters) - Par Pacific Holdings Inc  PARR.N :
    * PAR PACIFIC ANNOUNCES EXPECTED INCREASE IN ABL COMMITMENTS
TO UP
TO $1.4 BILLION AND REPLACEMENT OF INTERMEDIATION FACILITY
    * PAR PACIFIC HOLDINGS INC -  FINANCING IS ANTICIPATED TO
REDUCE
COMPANY'S WORKING CAPITAL FINANCING COSTS BY APPROXIMATELY $10
MILLION PER YEAR
    * PAR PACIFIC-EXPECTED INCREASE IN LENDER
COMMITMENTS,ADDITION OF
COLLATERAL ASSETS TO EXISTING ABL EXPECTED TO BE EFFECTIVE
ON/AROUND MAY 31
    * PAR PACIFIC HOLDINGS INC - NEW INTERMEDIATION AGREEMENT IS
EXPECTED TO BE EFFECTIVE ON OR AROUND MAY 31

Source text for Eikon:  ID:nGNX8wQcvx 
Further company coverage:  PARR.N 

 ((Reuters.Briefs@thomsonreuters.com;))