Stock of PAR Technology Corporation (PAR) is moving down about 14 percent on Friday morning trading following the company's announcement regarding pricing of a private offering of $250 million aggregate principal amount of 4% convertible senior notes due 2031.
The company's stock is currently trading at $13.64, down 14.11 percent, over the previous close of $15.88 on the New York Stock Exchange. It has traded between $12.48 and $72.15 in the past one year.
The company noted that the initial conversion rate is 52.5762 shares per $1,000 principal amount, representing an initial conversion price of $19.02 per share. Of the total proceeds, majority will be utilized to repurchase a portion of its 1.50% convertible senior notes due 2027.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.