PAR Technology Secures $100 Million in Convertible Senior Notes to Address Debt

January 22, 2025 - 16:59

PAR Technology has successfully priced $100 million in convertible senior notes, offering an attractive 1% interest rate, with a maturity date set for 2030. This strategic financial move aims to bolster the company’s balance sheet by facilitating the repayment of a $90 million term loan from Blue Owl Capital.

The convertible notes come with an initial conversion price set at $97 per share, allowing investors the opportunity to convert their notes into equity at a predetermined price. This initiative not only helps in managing existing debt but also positions PAR Technology for future growth and stability.

By addressing its term loan obligations, PAR Technology is taking a proactive step towards enhancing its financial flexibility and focusing on its core business operations. The successful issuance of these notes reflects investor confidence in the company's long-term prospects and commitment to strengthening its financial foundation.