Par Pacific unit signs commodity swap framework with Wells Fargo
On October 2, 2025, Par Pacific subsidiary Hawaii Renewables entered a framework agreement and ISDA schedule with Wells Fargo for monthly prepaid commodity swaps on soybean oil and crude oil. The deal includes a pledge of commodity inventory and renewable feedstocks as collateral, and Par guarantees the subsidiary's obligations, so it adds a direct financial obligation for shareholders to track.
Key points
- Framework Agreement and ISDA Schedule dated October 2, 2025, with Wells Fargo Bank, N.A.; swaps run monthly on soybean oil and crude oil, with Wells Fargo prepaying a fixed amount to Hawaii Renewables, subject to a cap
- Initial term of one year, renewing automatically unless either party gives at least 90 calendar days' written notice
- Hawaii Renewables pledged certain commodity inventory and renewable feedstocks to Wells Fargo, and Par Pacific guarantees its obligations under an unsecured guaranty
- Parties agreed to use commercially reasonable efforts to negotiate a Letter of Credit Facility Agreement; the filing gives no amount for it
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 03, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.