The company said it entered into a 2025 Term Loan Facility agreement with Bank of America, N.A., as administrative agent, on March 27, 2025, with Jacobs Engineering Group Inc. as borrower and Jacobs Solutions as guarantor.

1. 01

   The company said it entered into a 2025 Term Loan Facility agreement with Bank of America, N.A., as administrative agent, on March 27, 2025, with Jacobs Engineering Group Inc. as borrower and Jacobs Solutions as guarantor.

2. 02

   The company said the borrower drew a $200 million term loan and a £410 million term loan, each with a term of 2 years from the date of initial funding. It said the proceeds will be used to repay existing loans, pay fees and expenses, and for general corporate purposes.

3. 03

   The company said borrowings bear interest at a SONIA rate or term SOFR rate plus a margin of 0.875% to 1.50%, or a base rate plus a margin of 0.00% to 0.50%, depending on the borrower's consolidated leverage ratio.

4. 04

   The company said it repaid $120,499,395.60 and £411,869,423.95 on March 27, 2025, in full satisfaction of the outstanding balance, including accrued interest, under the Amended and Restated Term Loan Agreement dated as of February 6, 2023, and that the related Guaranty was terminated at the same time.

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Original filing

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