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HOUSTON Par Pacific Holdings Inc. and a subsidiary of Realty Income Corp. have officially closed on 21 sites as part of a sale-leaseback transaction that was announced earlier this month.
As part of the deal, Par Pacific sold 21 convenience store and fuel retail locations in Hawaii to Realty Income for $109.4 million. Additionally, Par Hawaii LLC, an indirect wholly owned subsidiary of Par Pacific, entered into a master lease agreement with Realty Income to leaseback, on a commercial triple-net basis, the sites for an initial 15-year term, subject to Par Hawaii s option to extend the lease for up to an additional 20 years.
Par Pacific Holdings Inc (PARR) Q4 2020 Earnings Call Transcript
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Par Pacific Successfully Closes Sale-Leaseback of 21 Retail Convenience Store Properties located in the State of Hawaii
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Par Pacific Holdings to sell, lease back gas stations, convenience stores in Hawaii
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Par Pacific Holdings Announces Fourth Quarter 2020 Earnings Release and Conference Call Schedule
/EIN News/ HOUSTON, Feb. 03, 2021 (GLOBE NEWSWIRE) Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its fourth quarter 2020 results after the New York Stock Exchange closes on Wednesday, February 24, 2021. This release will be followed by a conference call for investors on Thursday, February 25, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern). The full text of the release will be available on Par Pacific’s website at http://www.parpacific.com.
Par Pacific Holdings Fourth Quarter 2020 Earnings Conference Call
Thursday, February 25, 2021
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