Jacobs Solutions completed a $1.3 billion SEC-registered underwritten public offering, consisting of $800 million of 4.75% Senior Unsecured Notes due 2031 and $500 million of 5.375% Senior Unsecured Notes due 2036. The notes are fully and unconditionally guaranteed by Jacobs Engineering, a subsidiary of Jacobs.
Jacobs Solutions intends to use the proceeds to finance the cash consideration of the acquisition from shareholders of PA Consulting Group.
Jacobs Solutions is a leading global professional services company that designs and deploys technology-centric solutions to solve the world’s most complex challenges and provides a range of technical, professional and construction services, including engineering, design and architectural services; construction and construction management services; operations and maintenance services; and process, scientific and systems consulting services.
The S&C team that advised Jacobs Solutions and Jacobs Engineering included Patrick Brown, Tyler Aust, Charlie Fries, Trevor Sawires and Chloe Zack. Jeffrey Hochberg and Saul Brander advised on tax matters.