Jacobs Solutions Inc. Enters into New Credit Agreements

Jacobs Solutions Inc. has entered into a new Revolving Credit Agreement and a Term Loan Agreement, both dated March 16, 2026. The Revolving Credit Agreement provides a $1,500 million facility maturing on March 16, 2031, with options for increases. The Term Loan Agreement includes a $700 million facility maturing on March 16, 2029, and a $500 million facility maturing on March 16, 2031. Proceeds from these agreements are intended to finance the acquisition of PA Consulting Group Limited, with remaining funds for general corporate purposes. The agreements include covenants, events of default, and specific interest rate structures based on SOFR, SONIA, EURIBOR, CDOR, STIBOR, BBSY, and SORA, with margins dependent on the company's debt rating and leverage ratio. A consolidated leverage ratio of 3.50:1.00 must be maintained, with a temporary increase to 4.00:1.00 allowed following material acquisitions. The obligations are guaranteed by Jacobs Engineering Group Inc. (JEGI), with provisions for release under certain conditions.