PAR Technology (PAR) said late Thursday it plans to offer $225 million of convertible senior notes due 2031 in a private placement.
The company may grant the initial purchaser an option to buy up to an additional $25 million of notes.
The company said it plans to use the proceeds to repurchase part of its 1.50% convertible notes due 2027,
buy back shares and support general corporate needs.
Additionally, PAR Technology expects to repurchase up to $40 million of its shares from purchasers of the notes in privately negotiated transactions.
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