| Issuer / Guarantor | PAR Technology Corporation |
|---|---|
| Size | USD 225mn |
| Type | Convertible |
| Leads | JP Morgan |
| Maturity | 15 Mar 2031 (5 years) |
| Coupon | 3.5 - 4% |
| Premium | 20 - 25% |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Dec 2030 (4.7 yrs) |
| Announced | 12 Mar 2026 |