02:44 PM EDT, 03/13/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

PAR Technology ( PAR ) shares were down more than 11% in Friday trading after the company said 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.

Price: 14.08, Change: -1.77, Percent Change: -11.17