PAR Technology Corporation Announces Agreements to Exchange $100 Million of its 2.875% Convertible Senior Notes Due 2026 for Shares of its Common Stock [Yahoo! Finance]
PAR Technology Corporation (PAR)
Last par technology corporation earnings: 3/12 04:05 pm
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Source: Yahoo! Finance
entered into privately negotiated agreements with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026 (the "Notes") to exchange $100 million aggregate principal amount of the Notes for approximately 2.4 million shares of the Company's common stock and approximately $336,000 in cash (the "Notes Exchange"). Savneet Singh, PAR Technology CEO commented, "In equitizing $100 million of our debt, we provide flexibility to our balance sheet to unlock future accretive investment opportunities." The Notes Exchange is expected to close on November 27, 2024, subject to customary closing conditions. Following the Notes Exchange, an aggregate of $20 million principal amount of the Notes will remain outstanding. J.P. Morgan acted as sole agent with respect to the Notes Exchange. J. Wood Capital Advisors served as financial advisor to the Company with respect to the Notes Exchange. This press release does not constitute an offer to sell or a solicitation of an offer to
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PAR
Earnings
- 11/8/24 - Beat
PAR
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- PAR's page on the SEC website