Latham & Watkins Represents Parsons in US$800 Million Convertible Senior Notes Offering

Parsons Corporation (NYSE: PSN), a leading disruptive technology provider in the national security and global infrastructure markets, has closed its private offering of US$800.0 million aggregate principal amount of its 2.625% convertible senior notes due 2029. In connection with the offering, Parsons entered into privately negotiated capped call transactions to offset potential dilution. In addition, the initial purchasers exercised in full their option to purchase up to an additional US$100.0 million aggregate principal amount of notes.

Latham & Watkins LLP represented Parsons in the offering with a corporate team led by partners Steven Stokdyk, Greg Rodgers, and Andrew Blumenthal, with associates Grace Garcea, Ian Lachow, Celia Mishra, Enrique Covarrubias, and Daniel Weiss. Advice was also provided on tax matters by partners Elena Romanova and Aaron Bernstein, with associate James Aldred; and on equity derivatives matters by partner Catherine Lee and counsel Christopher Yu, with associate Kate Kim.