PAR Technology To Commence $225M Senior Notes Offering

PAR Technology Corporation (NYSE: PAR) ("PAR" or the "Company") announced today its intention to offer $225.0 million aggregate principal amount of Convertible Senior Notes due 2031 (the "Notes") in a private offering (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), subject to market conditions and other factors. The Company also expects to grant to the initial purchaser of the Notes an option to purchase, during a 13-day period beginning on, and including, the first date on which the Notes are issued, up to an additional $25.0 million aggregate principal amount of Notes.