03:06 AM EDT, 03/13/2026 (MT Newswires) -- PAR Technology ( PAR ) said Friday it has priced its $250 million private offering of 4% convertible senior notes due March 15, 2031.

Initial purchasers have been granted a 13-day period to buy up to an additional $15 million of the notes. The offering is expected to close on March 17.

PAR Technology ( PAR ) expects to raise about $242.3 million or $256.8 million, if the initial purchasers exercise their option to buy the full additional notes, from the offering.

The company aims to use the proceeds to repurchase a portion of 1.50% convertible senior notes due 2027, buy back roughly 2.1 million shares and for general corporate purposes.