We advised the representative of the initial purchasers on the offering

Davis Polk advised the representative of the initial purchasers in a Rule 144A offering by PAR Technology Corporation of $265 million aggregate principal amount of 4.00% convertible senior notes due 2031, including $15 million aggregate principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes. PAR Technology Corporation’s common stock is listed on the New York Stock Exchange under the symbol “PAR.”

PAR Technology Corporation is a leading foodservice technology provider, powering a unified, purpose-built platform engineered to scale and adapt with brands at every stage of growth. Designed with flexibility and openness at its core, PAR’s solutions – spanning point-of-sale, digital ordering, loyalty, back-office, payments and hardware – integrate with others, yet deliver maximum impact as a unified system.

The Davis Polk capital markets team included partner Derek Dostal, counsel Steven Glendon and associate Gianmarco Dedós Capote. The equity derivatives team included partner Mark M. Mendez, counsel Hanbing Zhang and associate Chanique C. Vassell. Partner Lucy W. Farr and associate David J. Beer provided tax advice. Partner Matthew J. Bacal and associate Bari Britvan provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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