Parsons refinances with $450M term loan and $750M revolver, extending maturities

PARSONS CORP

New $450M unsecured term loan (3-year maturity, no amortization) with $150M accordion; proceeds used to repay existing $350M term loan.
New $750M unsecured revolving credit facility (5-year maturity) with $500M accordion; replaces the previous 2021 revolver which was paid off.
Initial interest rates set at mid-range: Term SOFR + 1.125% or Base Rate + 0.125% for term loan; similar pricing for revolver.
Transactions extend debt maturities from October 2025/June 2026 to June 2028/June 2030.
Proceeds also available for working capital, capex, and general corporate purposes; no borrowings under new revolver at closing.

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