Par Pacific elects to settle notes in stock on maturity date

Chicago, March 15 – Par Pacific Holdings, Inc. gave notice of its election to settle its $48.7 million outstanding 5% convertible senior notes due 2021 in shares of common stock, according to an 8-K filing with the Securities and Exchange Commission.

The notes mature on June 15, 2021.

The election by the company applies to all conversions after March 15.

Par Pacific is a Houston-based owner and operator of energy and infrastructure businesses.

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