Parsons enters $350M delayed draw term loan with $150M accordion, 3-year maturity

PARSONS CORP

$350M unsecured delayed draw term loan; optional increase up to $150M, 3-year maturity.
Interest rate based on Term SOFR + margin 0.875%-1.500% (or base rate + 0%-0.500%), initially at mid-range.
Proceeds may repay existing Senior Notes, prepay revolving loans, or for working capital/capex.
No amounts funded at closing; tick fee 0.175% on undrawn commitments after 90 days.
Concurrent amendment to existing Revolving Credit Agreement to update from LIBOR to SOFR pricing.

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