$PARR (PAR PACIFIC HOLDINGS) — 8-K: Par Pacific to exit Laramie Energy via $485 million asset sale, expects $146 million net

Laramie Energy, 46% owned by Par Pacific, agreed to sell substantially all oil and gas assets for $485 million in cash, with $60 million deferred to the fifth anniversary of closing. Par Pacific expects to receive approximately $146 million net of debt repayment, closing adjustments and fees, including about $27.5 million deferred to the fifth anniversary. The Company is also eligible for up to approximately $30 million of price-contingent earn-out payments. Closing is expected by the end of 2026, subject to regulatory approvals and customary conditions.

Laramie Energy, 46% owned by Par Pacific, agreed to sell substantially all oil and gas assets for $485 million in cash, with $60 million deferred to the fifth anniversary of closing. Par Pacific expects to receive approximately $146 million net of debt repayment, closing adjustments and fees, including about $27.5 million deferred to the fifth anniversary. The Company is also eligible for up to approximately $30 million of price-contingent earn-out payments. Closing is expected by the end of 2026, subject to regulatory approvals and customary conditions.