Par Pacific's (PARR) Par Petroleum subsidiary priced a $500 million privately-placed offering of 7.375% senior unsecured notes at face value, the parent company said late Monday.
Net proceedings from the offering, expected to close on Thursday, are expected to be used to pay down other debt, the company said.
Shares of the company were up 1.1% in Tuesday's premarket trading.
Shell (SHEL) plans to divest its gas station network in France, according to a Google translation of a Monday report from French newspaper Les Echos.The oil major has informed employees and suppliers of the planned sale, with a buyer expected to be identified in Q3 and the deal potentially closing in early 2027, Reuters said, citing Les Echos.Shell didn't immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)