PAR Technology Corporation Announces Proposed Offerings of Common Stock and Convertible Senior Notes
The 2027 Notes will mature on
PAR expects to use the net proceeds from the Equity Offering and the Notes Offering for general corporate purposes, which may include repayment of debt (including its Owl Rock Term Loan) and continued investment in the growth of its businesses.
The common stock and 2027 Notes are each being offered by PAR pursuant to a shelf registration statement that was filed with the
Each of the Notes Offering and the Equity Offering is being made only by means of a prospectus and a prospectus supplement. Preliminary prospectus supplements relating to and describing the terms of the Equity Offering and the Notes Offering have been filed with the
This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or the 2027 Notes or any other securities, and shall not constitute an offer, solicitation or sale, in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature, but rather are predictive of future operations, financial condition, business strategies and prospects. Forward-looking statements are generally identified by words such as “anticipate,” “believe,” “belief,” “continue,” “could,” “expect,” “estimate,” “intend,” “may,” “opportunity,” “plan,” “should,” “will,” “would,” “will likely result,” and similar expressions that are based on management’s current expectations and assumptions. Such statements include, without limitation, the Company’s planned offering of its common stock and the 2027 Notes and statements regarding the intended use of proceeds from the Company’s offering of its common stock and the 2027 Notes. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, market conditions, risks and trends. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect the Company and cause actual results to differ materially from those expressed in or implied by forward-looking statements contained in this press release, is included in the Company’s filings with the
For more than 40 years, PAR’s (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 100,000 restaurants in more than 110 countries use PAR’s restaurant hardware, software, drive-thru, and back-office solutions. With the recent acquisition of