Jacobs’ senior notes offering amasses $600m

Jacobs, a renowned global solutions firm committed to addressing the world’s most pressing challenges, has confirmed its recent significant financial move in the market.

Raising an impressive $600m, Jacobs recently concluded its public offering of 6.350% senior unsecured notes due 2028. Leading the financial venture as joint book-running managers were notable names such as BofA Securities, Inc., BNP Paribas Securities Corp., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC.

Jacobs is not just another name in the industry; it stands as a beacon of innovation, challenging current norms and setting the stage for a better tomorrow. Their core mission revolves around resolving significant global challenges, be it creating sustainable cities, ensuring resilient environments, delivering mission-critical outcomes, pioneering in scientific discovery, or driving cutting-edge manufacturing. Their commitment to turning visionary concepts into tangible realities has been transformative, making significant positive impacts across the globe.

The capital raised from this offering is earmarked for repaying part of the outstanding amounts under Jacobs’ revolving credit facility, a strategic move that aims to reaffirm their commitment to settling floating rate debts and curbing interest expense volatility.

For those considering diving into the intricate details of this offering, it’s worth noting that the offer, solicitation, or sale of the senior notes or any other securities would be deemed illegal in states or jurisdictions without prior registration or qualification under the relevant securities laws. Additionally, a previously filed shelf registration statement with the U.S. Securities and Exchange Commission provides the foundation for this notes issue.

Jacobs CFO Claudia Jaramillo remarked, “This latest offering allows us to execute on our commitment to repay floating rate indebtedness and reduce volatility in our interest expense. Also, our investment grade rating serves as a testament to the strength of our business, balance sheet, and cash flow generation.”

While this offering is indeed a significant financial milestone for Jacobs, the company has a proven track record, generating a remarkable annual revenue of approximately $15bn.

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