secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2022-09-19T23:59:59+00:00
Accession:  0001564590-22-031876
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.02, 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000156459022031876/0001564590-22-031876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000156459022031876/psn-8k_20220914.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-031876

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