On March 17, 2026, PAR Technology Corporation (NYSE: PAR) announced the completion of a private offering of $265 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031. This offering includes $15 million of additional notes purchased by initial purchasers. The notes, which are general unsecured obligations of the company, will mature on March 15, 2031, unless converted, redeemed, or repurchased earlier. Interest on the notes will be paid semiannually, starting September 15, 2026. The initial conversion price is set at $19.02 per share, representing a 20% premium over the last reported sale price of the common stock on March 12, 2026. The company plans to use approximately $207.5 million of the proceeds to repurchase its existing 1.50% Convertible Senior Notes due 2027 and about $33.1 million to repurchase approximately 2.1 million shares of its common stock. The remaining proceeds will be allocated for general corporate purposes, including potential acquisitions or investments in complementary technologies. The offering is expected to enhance the company's liquidity position while managing its existing debt obligations.

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