PAR Technology (PAR) said Thursday that it has signed private deals with certain holders to exchange $100 million total principal amount of its outstanding 2.875% convertible senior notes due 2026 for roughly 2.4 million of its common shares and about $336,000 in cash.
The exchange is expected to be completed on Wednesday, the company said.
Upon exchange, a total of $20 million principal amount of the notes will remain outstanding, PAR said.
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