The 2.625% convertible senior notes are due 2029

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A offering by Parsons Corporation of $800 million aggregate principal amount of its 2.625% convertible senior notes due 2029, which includes the full exercise of the initial purchasers’ option to purchase additional notes. In addition, Davis Polk advised the counterparties to capped call transactions entered into in connection with the offering.

Parsons is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development and critical infrastructure protection.

The Davis Polk corporate team included partner Dan Gibbons and associates Christian Knoble and Sakiko Nishida. The equity derivatives team included partner Mark J. DiFiore, counsel Justin Michael and associates Stockton Bullitt, Danielle Forni, Ji Hwan Kim, Ari Spitzer and Melissa X. Estrada. All members of the Davis Polk team are based in the New York office.