$100 million aggregate principal amount of existing convertible senior notes were exchanged

Davis Polk advised the sole agent, in connection with the private exchange of $100 million aggregate principal amount of PAR Technology’s existing convertible senior notes due 2026 for approximately 2.4 million shares of the company’s common stock and approximately $336,000 in cash.

PAR Technology is a global foodservice technology company and provider of unified commerce for enterprise restaurant brands. PAR Technology is headquartered in New Hartford, New York.

The Davis Polk corporate team included partner Derek Dostal and associate Steven Glendon. All members of the Davis Polk team are based in the New York office.

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