Par Pacific retires delayed draw term loan and bridge facility

By Susanna Moon

Chicago, July 5 – Par Pacific Holdings, Inc. repaid and retired its delayed draw term loan and bridge loan credit agreement on June 30, according to an 8-K filing with the Securities and Exchange Commission.

The company also amended its credit agreement on June 28 with KeyBank NA as administrative agent to permit a special cash distribution of up to $15 million.

The amendment also waived the mandatory excess cash flow prepayment for the quarter ended June 30, the filing added.

Houston-based Par Pacific manages and maintains interests in energy and infrastructure businesses.

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