Par Pacific Holdings Inc., which owns Hawaii’s only operating oil refinery, has closed on its acquisition of U.S. Oil & Refining Co. and its refining and logistics businesses in the Pacific Northwest for $358 million.
Par Pacific (NYSE: PARR) said Monday that the transaction was financed with proceeds from a $250 million Term Loan B issuance and a $45 million term loan funded by Honolulu-based Bank of Hawaii Corp. (NYSE: BOH), as well as the issuance of 2.4 million shares of stock to the seller.
The…
