Apex Trader Funding - News
Par Pacific Announces New Intermediation Financing Agreement and Confirms Increase in ABL Commitments to up to $1.4 billion
HOUSTON, June 05, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE:PARR) ("Par Pacific") today announced a new, crude-only intermediation financing agreement (the "Intermediation Agreement") between its subsidiary Par Hawaii Refining, LLC ("Par Hawaii") and Citigroup Energy Inc. ("Citi"). Pursuant to the Intermediation Agreement, Citi will purchase and deliver crude oil to Par Hawaii for use at its refinery located in Kapolei, Hawaii. Par Pacific also announced the termination of the Second Amended and Restated Supply and Offtake Agreement between J. Aron & Company LLC and Par Hawaii.
Additionally, Par ...