We advised the agent on the private exchange

Davis Polk advised the sole agent in connection with the private exchange of approximately $17.1 million aggregate principal amount of PAR Technology’s existing convertible senior notes due 2026 for approximately 485,186 shares of the company’s common stock and approximately $134,197 in cash.

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. PAR Technology is headquartered in New Hartford, New York.

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

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