Par Pacific Holdings Acquisition | Energy Deal in TX

Par Pacific Holdings has completed the acquisition of Par Petroleum, LLC, an energy services other business in Texas, for $500 million. Par Petroleum operates within the energy services other segment, supporting Par Pacific’s downstream and logistics capabilities across the TX energy market. Par Pacific Holdings acquisition activity aligns with energy M&A strategy focused on strengthening cash flow and funding flexibility in energy deals TX. The announced private placement priced $500 million of 7.375% senior unsecured notes due 2034, with proceeds intended to repay Par Petroleum’s term loan due 2030 and terminate that debt, expected to close around May 14, 2026.