---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-031876"
form_type: "8-K"
ticker: "PSN"
cik: "0000275880"
company_name: "PARSONS CORP"
filed_at: "2022-09-19T23:59:59+00:00"
generated_at: "2026-06-23T08:55:29.618430+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001564590-22-031876
- form_type: 8-K
- ticker: PSN
- cik: 0000275880
- company_name: PARSONS CORP
- filed_at: 2022-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/275880/000156459022031876/0001564590-22-031876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/275880/000156459022031876/psn-8k_20220914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-031876
- JSON: https://secwatch.observer/filing/0001564590-22-031876.json
- Plain text: https://secwatch.observer/filing/0001564590-22-031876.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.