Jacobs ($J) agreed Feb 24 to issue $800M 4.75% notes due 2031 and $500M 5.375% notes due 2036; BofA, BNP…
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Jacobs ($J) agreed Feb 24 to issue $800M 4.75% notes due 2031 and $500M 5.375% notes due 2036; BofA, BNP Paribas & Wells Fargo are lead reps; Jacobs Engineering Group will fully guarantee. Offering expected to close Mar 3, 2026. 🏷️📆 #DebtRaise #Finance
Jacobs ($J) expects net proceeds ≈ $1,286M from the offering. Intended use: finance cash consideration for the PA Consulting acquisition, repay revolver & term loan pending close, then supplement with term loan borrowings; offering not conditioned on the acquisition. 💰 #M&A #CapitalMarkets
PA Consulting shareholder vote (Feb 26): >97% of voters representing >99% of value approved the scheme to sell remaining shares to Jacobs. Remaining closing conditions: High Court sanction and UK Secretary of State clearance under the National Security & Investment Act. ✅⚖️ #M&A #PAConsulting