HOUSTON, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific") today announced that Par Petroleum, LLC (the "Company") and Par Petroleum Finance Corp. (together with the Company, the "Issuers") commenced cash tender offers to purchase (i) any and all of the approximately $281,000,000 outstanding aggregate principal amount of the Issuers' 7.750% Senior Secured Notes due 2025 (the "2025 Notes"), and (ii) any and all of the approximately $31,314,000 outstanding aggregate principal amount of the Issuers' 12.875% Senior Secured Notes due 2026 (the "2026 Notes" and, together with the 2025 Notes, the "Notes"), with a portion of the net proceeds from the Issuers' concurrent entry into a private senior secured term loan B due 2030.