Par Pacific Holdings Reduces Term Loan Interest Margin in Amended Credit Agreement with Wells Fargo
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Par Pacific Holdings Inc. amended its Term Loan Credit Agreement with Wells Fargo, reducing the interest rate margin by 50 basis points. Base rate loans now bear interest at base rate plus 2.25%, and SOFR loans at 3.25%. Additionally, Hawaii Renewables, LLC, a joint venture, secured a $25 million letter of credit facility for crude oil and soybean oil supplies.
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