Par Pacific Holdings Enters Material Definitive Agreement

TL;DR

PAR just signed a big deal creating a new financial obligation. Watch their debt.

AI Summary

On October 2, 2025, Par Pacific Holdings, Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Delaware with EIN 84-1060803, is involved in crude petroleum and natural gas extraction.

Why It Matters

This filing indicates Par Pacific Holdings has entered into a significant agreement that will create a direct financial obligation for the company, potentially impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement that creates a direct financial obligation can introduce new financial risks and obligations for the company.

Key Players & Entities

• Par Pacific Holdings, Inc. (company) — Registrant
• October 2, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 84-1060803 (ein) — I.R.S. Employer Identification No.
• 1-36550 (commission_file_number) — SEC File Number

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value PARR New York Stock Excha

Filing Documents

• parr20251001_8k.htm (8-K) — 41KB
• ex_865658.htm (EX-10.1) — 244KB
• ex_865659.htm (EX-10.2) — 106KB
• ex_865660.htm (EX-10.3) — 123KB
• ex_865661.htm (EX-10.4) — 63KB
• wf01.jpg (GRAPHIC) — 3KB
• 0001437749-25-030476.txt ( ) — 813KB
• parr-20251002.xsd (EX-101.SCH) — 3KB
• parr-20251002_def.xml (EX-101.DEF) — 11KB
• parr-20251002_lab.xml (EX-101.LAB) — 15KB
• parr-20251002_pre.xml (EX-101.PRE) — 11KB
• parr20251001_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Framework Agreement and ISDA Master Agreement and Schedule On October 2, 2025, Hawaii Renewables, LLC (" HR "), a subsidiary of Par Pacific Holdings, Inc. (" Par "), entered into a Framework Agreement for Commodity Swap Transactions (the " Framework Agreement ") with Wells Fargo Bank, N.A. (" Wells Fargo ") pursuant to which the parties agreed to a framework for entering into a series of prepaid swaps from time to time with respect to soybean oil and crude oil. On October 2, 2025, Wells Fargo and HR also entered into a related International Swaps and Derivatives Association (" ISDA ") Schedule to the 2002 ISDA Master Agreement (the " ISDA Agreement "), whereby Wells Fargo and HR will execute on a monthly basis such series of swaps (each of which will be evidenced by a separate trade confirmation) and Wells Fargo will agree to prepay a fixed amount to HR (subject to a cap). The swaps will be settled on a monthly basis, and a new series of swaps can be entered into at the beginning of each month. The Framework Agreement has an initial term of one year and will be automatically renewed for additional terms of one year each unless either party terminates the Framework Agreement after the initial term by providing at least 90 calendar days' prior written notice to the other party. In addition, pursuant to the Framework Agreement, HR and Wells Fargo agreed to use commercially reasonable efforts to negotiate and enter into a definitive Letter of Credit Facility Agreement (the " LC Facility Agreement ") to support HR's payment obligations with respect to the soybean oil and feedstock inventory supply chain. The Framework Agreement also requires HR to comply with certain covenants with respect to its commodity inventory, storage requirements, insurance, inventory reports, records and inspection of sites. The ISDA Agreement contains certain termination events with respect to early termination of the ISDA Agreement. P

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1* Framework Agreement for Commodity Swap Transactions, dated as of October 2, 2025, by and between Hawaii Renewables, LLC and Wells Fargo Bank, N.A. 10.2 International Swaps and Derivatives Association Schedule to the 2002 ISDA Master Agreement, dated as of October 2, 2025, by and between Hawaii Renewables, LLC and Wells Fargo Bank, N.A. 10.3* Pledge and Security Agreement, dated as of October 2, 2025, by and between Hawaii Renewables, LLC and Wells Fargo Bank, N.A. 10.4 Credit Support Annex to the Schedule to the ISDA 2002 Master Agreement, dated as of October 2, 2025, by and between Hawaii Renewables, LLC and Wells Fargo Bank, N.A. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain schedules and similar attachments to this exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company undertakes to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 3, 2025 PAR PACIFIC HOLDINGS, INC. By: /s/ Jeffrey R. Hollis Jeffrey R. Hollis Senior Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR