Jacobs Solutions signs USD 1.5 billion revolving credit agreement

Reuters04:29
Jacobs Solutions signs USD 1.5 billion revolving credit agreement

Jacobs Solutions, Jacobs Engineering Group and certain wholly owned subsidiaries entered into a revolving credit agreement with a lender group led by Bank of America, providing a USD 1.5 billion multi-currency revolving facility that matures on March 16, 2031. Jacobs Engineering Group borrowed USD 545 million under the new revolver to repay and terminate the prior revolving credit agreement. Jacobs also borrowed about USD 56 million under the revolver to help fund the acquisition of the remaining shares of PA Consulting not already owned by the company. Separately, Jacobs entered into a term loan agreement with the same bank group for a USD 700 million facility maturing on March 16, 2029 and a USD 500 million facility maturing on March 16, 2031. Jacobs borrowed the term loans on March 17, 2026 to help finance the PA Consulting acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jacobs Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-110913), on March 17, 2026, and is solely responsible for the information contained therein.

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