Par Pacific Announces New Intermediation Financing Agreement and Confirms Increase in ABL Commitments to up to $1.4 billion

Core Insights - Par Pacific Holdings, Inc. has entered into a new crude-only intermediation financing agreement with Citigroup Energy Inc. for the supply of crude oil to its refinery in Hawaii [1] - The company has confirmed an increase in lender commitments under its asset-based revolving credit facility to $1.4 billion, supported by additional collateral assets [2] - The new intermediation agreement and the increase in lender commitments became effective on May 31, 2024 [3] Company Overview - Par Pacific Holdings, Inc. is an energy company based in Houston, Texas, providing renewable and conventional fuels to the western United States [4] - The company operates a refining capacity of 219,000 barrels per day across four locations and has a significant energy infrastructure network, including 13 million barrels of storage [4] - Par Pacific also operates retail brands in Hawaii and the Pacific Northwest and holds a 46% stake in Laramie Energy, LLC, a natural gas production company [4]