Par Technology announces proposed offering of USD 225 million convertible senior notes due 2031

Reuters03-18
Par Technology announces proposed offering of USD 225 million convertible senior notes due 2031

Par said it plans a private offering of USD 225 million of convertible senior notes due 2031. The company expects to give the initial purchaser an option to buy up to an additional USD 25 million of the notes, bringing the potential total to USD 250 million. Par said it intends to use proceeds to repurchase a portion of its 1.5% convertible senior notes due 2027 and for general corporate purposes. Par also expects to repurchase up to USD 40 million of its common stock in privately negotiated transactions concurrent with the pricing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Par Technology Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000708821-26-000031), on March 17, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment