PAR Technology Corporation announced on Tuesday its plan to privately issue $100 million in Convertible Senior Notes that are due in 2030, targeting qualified institutional buyers. The company intends to provide initial purchasers the option to buy up to an additional $15 million of these Notes.
The net proceeds from this offering are earmarked to fully repay PAR Technology's $90 million term loan from Blue Owl Capital. Any remaining funds will support general corporate purposes, such as acquisitions and investments in other companies, according to a statement from the company.
Starting January 20, 2028, PAR Technology has the option to redeem all or a portion of these Notes.
