The notes are due 2030

Davis Polk advised the initial purchaser in a Rule 144A offering by PAR Technology Corporation of $115 million aggregate principal amount of 1.00% convertible senior notes due 2030, including $15 million principal amount of convertible notes pursuant to the exercise in full of the initial purchaser’s option to purchase additional convertible notes. PAR Technology Corporation’s common stock is listed on the New York Stock Exchange under the symbol “PAR.”

For over four decades, PAR Technology Corporation has been at the forefront of technology innovation in foodservice, helping businesses create exceptional guest experiences and connections. PAR’s comprehensive suite of software and hardware solutions, including point-of-sale, digital ordering, loyalty, back-office management, and payments, serves a diverse range of hospitality and retail clients across more than 110 countries.

The Davis Polk capital markets team included partner Derek Dostal and associate Steven Glendon. The equity derivatives team included partner Mark M. Mendez and associate Amy Cheng. Partner Lucy W. Farr and associates William Liang and Richard P. Wang provided tax advice. Partner Matthew J. Bacal and associate Joshua Shirley provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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