Parsons US$650m unsecured revolving credit facility
Replace the existing credit facility
Key terms
- Borrower or issuer
- Parsons
- Date
- 25 Jun 2021
- Type
- Bank facility
- Amount
- US$650m
- Maturity
- 2026
Recorded terms
- Structure
- Unsecured revolving credit facility with an increase option up to US$1.15bn
- 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 |
|---|---|---|---|
| 24 Aug 2021 | Lockheed Martin US$3.0bn revolving credit facility (2021) | Bank facility | US$3bn |
| 24 Sep 2021 | Rheinmetall €500m syndicated revolving credit facility | Bank facility | €500m |
| 7 Oct 2021 | Leonardo €2.4bn ESG-linked revolving credit facility | Bank facility | €2.4bn |
| 13 Dec 2021 | CACI International US$3.2bn credit facilities (2021) | Bank facility | US$3.2bn |
| 20 Dec 2021 | Leonardo €600m ESG-linked term loan | Bank facility | €600m |
More from Parsons
| Date | Financing | Type | Amount |
|---|---|---|---|
| 27 Feb 2024 | Parsons US$700m 2.625% convertible senior notes due 2029 | Convertible | US$700m |
| 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$462.9m |
Sources
- Parsons Form 8-K sec.gov · 25 Jun 2021
About this record
Record DEF-2021-0005, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
