PAR Technology Plans $225 Million Convertible Notes Offering-March 2024-www.financetom.com

PAR Technology Plans $225 Million Convertible Notes Offering

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PAR Technology Plans $225 Million Convertible Notes Offering

Mar 12, 2026 3:34 PM

05:48 PM EDT, 03/12/2026 (MT Newswires) -- PAR Technology ( PAR ) said late Thursday it plans to offer $225 million of convertible senior notes due 2031 in a private placement.

The company may grant the initial purchaser an option to buy up to an additional $25 million of notes.

The company said it plans to use the proceeds to repurchase part of its 1.50% convertible notes due 2027,

buy back shares and support general corporate needs.

Additionally, PAR Technology ( PAR ) expects to repurchase up to $40 million of its shares from purchasers of the notes in privately negotiated transactions.

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