Par Pacific acquires Tacoma refinery with Bank of Hawaii’s help

//Par Pacific acquires Tacoma refinery with Bank of Hawaii’s help

Par Pacific acquires Tacoma refinery with Bank of Hawaii’s help

Par Pacific Holdings Inc., which owns Hawaii’s only operating oil refinery, has closed on its acquisition of U.S. Oil & Refining Co. and its refining and logistics businesses in the Pacific Northwest for $358 million. Par Pacific (NYSE: PARR) said Monday that the transaction was financed with proceeds from a $250 million Term Loan B issuance and a $45 million term loan funded by Honolulu-based Bank of Hawaii Corp. (NYSE: BOH), as well as the issuance of 2.4 million shares of stock to the seller. The…

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By | 2019-01-14T23:15:56+00:00 January 14th, 2019|Economics|

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