/EIN News/ HOUSTON, March 16, 2021 (GLOBE NEWSWIRE)
Par Pacific Holdings, Inc. (NYSE: PARR) (“
Par Pacific”
) today announced that it has priced an underwritten public offering of 5,000,000 shares of common stock at a price to the public of $16.00 per share of common stock. The underwriters have an option for 30 days to purchase up to an additional 750,000 shares of common stock from the Company. The offering is expected to close on March 19, 2021, subject to customary closing conditions.
The Company intends to use the net proceeds of this offering for general corporate purposes, including repaying indebtedness, capital expenditures and funding working capital.
Par Pacific Prices Public Offering of Common Stock
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Par Pacific Announces Public Offering of Common Stock
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Hawaii A subsidiary of Realty Income Corp. has acquired a 21-property gas station/convenience store portfolio located throughout Hawaii. Par Pacific Holdings sold the portfolio in a fee-simple sale-leaseback transaction for $109.4 million.
The portfolio includes 12 properties in Oahu, two facilities on Kauai, four properties on Maui and three properties on the island of Hawaii. The transaction also included a new master lease agreement to lease back the sites on a triple net basis.
D. Andrew Ragsdale, Ken Hedrick, Jerry Hopkins, Kristian Neilson and John Curtis of Newmark’s Net Lease Capital Markets, in cooperation with Jackson Nakasone of NAI CBI Hawaii, represented the seller in the transaction.