Business
PAR Technology Corporation Announces Pricing of $250.0 Million of Convertible Senior Notes
NEW HARTFORD, N.Y., March 13, 2026--PAR Technology Corporation (NYSE: PAR) ("PAR" or the "Company") announced today that it priced a private offering (the "Offering") of $250.0 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031 (the "Notes"). The Notes will be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also granted to the initial purchase
About this update from Par Technology Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":226,"url":"https://media.zenfs.com/en/business-wire.com/4667c29b5d93643be5323e6239a93158"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/or9vOw9kxb3m_8xD8xzhBA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ1MjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/4667c29b5d93643be5323e6239a93158","width":480,"height":226}},"lazy":false},{"type":"text","content":"NEW HARTFORD, N.Y., March 13, 2026--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) ("PAR" or the "Company") announced today that it priced a private offering (the "Offering") of $250.0 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031 (the "Notes"). The Notes will be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also granted to the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $15.0 million aggregate principal amount of Notes. The sale is expected to close on March 17, 2026, subject to satisfaction of the conditions to closing.","length":877,"tagName":"p"},{"type":"text","content":"The Notes will be general unsecured obligations of the Company. The Notes will mature on March 15, 2031, unless earlier converted, redeemed or repurchased. Interest will accrue on the Notes at a rate of 4.00% per year and will be payable semiannually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026.","length":337,"tagName":"p"},{"type":"text","content":"The Notes will be convertible at the option of the holders, at any time prior to the close of business on the business day immediately preceding December 15, 2030 only under certain circumstances and during certain periods and, on or after December 15, 2030, at any time until the close of business on the business day immediately preceding the maturity date. Upon conversion, the Notes may be settled, at the Company’s election, in cash, shares of the Company’s common stock (the "common stock"), or a combination of cash and s...