PAR Technology Corporation (PAR) has acquired Punchh Inc. for approximately $500 million paid in cash and shares of PAR common stock to Punchh stockholders. Punchh is a loyalty and engagement solution for restaurant, retail, and convenience store brands. PAR said the acquisition makes it a unified commerce cloud platform for enterprise restaurants.

Create Account

Dark

chart

exchange

Check out our Dark Pool Levels

PAR Technology Corporation (PAR) has acquired Punchh Inc. for approximately $500 million paid in cash and shares of PAR common stock to Punchh stockholders. Punchh is a loyalty and engagement solution for restaurant, retail, and convenience store brands. PAR said the acquisition makes it a unified commerce cloud platform for enterprise restaurants.

RTTNews | Apr 8, 2021 09:32AM EDT

09:32 Thursday, April 8, 2021 (RTTNews.com) - PAR Technology Corporation (PAR) has acquired Punchh Inc. for approximately $500 million paid in cash and shares of PAR common stock to Punchh stockholders. Punchh is a loyalty and engagement solution for restaurant, retail, and convenience store brands. PAR said the acquisition makes it a unified commerce cloud platform for enterprise restaurants.

PAR financed the cash consideration of the purchase price through a combination of equity and debt, including proceeds from the sale of $160 million of PAR common stock to PAR Act III, LLC and to funds and accounts advised by T. Rowe Price Associates, Inc. and a $180 million senior secured term loan under a credit agreement, with Owl Rock First Lien Master Fund, L.P., as administrative and collateral agent.

Read the original article on RTTNews ( https://www.rttnews.com/3183528/par-technology-corp-acquires-punchh-inc-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved