Parsons US$1.2bn term loan and revolving credit facility (2025)
Refinance the term loan and revolver maturing October 2025 and June 2026
Key terms
- Borrower or issuer
- Parsons
- Date
- 5 Jun 2025
- Type
- Bank facility
- Amount
- US$1.2bn
Recorded terms
- Structure
- US$450m unsecured term loan (US$150m increase option) and US$750m unsecured revolving credit facility (US$500m increase option)
- Lenders and arrangers
- Bank of America, N.A., administrative agent
- Country
- United States
Parties
- Parsons borrower or issuer
- Lenders: Bank of America
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 11 Jun 2025 | EIB €500m intermediated loan to Deutsche Bank for security and defence SMEs | Bank facility | €500m |
| 17 Jun 2025 | Saab SEK 6bn revolving credit facility | Bank facility | SEK 6bn |
| 21 Jul 2025 | Hensoldt €300m Schuldschein loan | Bank facility | €300m |
| 14 Apr 2025 | Hensoldt €1.8bn unsecured syndicated loan refinancing | Bank facility | €1.8bn |
| 1 Apr 2025 | Karman Space & Defense US$350m senior secured credit facilities (2025) | Bank facility | US$350m |
More from Parsons
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Feb 2024 | Parsons US$700m 2.625% convertible senior notes due 2029 | Convertible | US$700m |
| 14 Sep 2022 | Parsons US$350m delayed-draw term loan (2022) | Bank facility | US$350m |
| 25 Jun 2021 | Parsons US$650m unsecured revolving credit facility | Bank facility | US$650m |
| 20 Aug 2020 | Parsons US$350m 0.25% convertible senior notes due 2025 | Convertible | US$350m |
M&A and investment involving Parsons
| Date | Deal | Type | Value |
|---|---|---|---|
| 7 Jul 2021 | Parsons acquisition of BlackHorse Solutions | M&A | US$203m |
| 19 Nov 2020 | Parsons acquisition of Braxton Science & Technology | M&A | US$300m |
| 13 May 2019 | Parsons US$463m share offering | Equity raise | US$462.9m |
Sources
- Parsons Form 8-K: term loan and revolving credit agreements sec.gov · 5 Jun 2025
About this record
Record DEF-2025-0033, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
