S&C Represents Jacobs Engineering as It Issues $500 Million of Notes Tied to Sustainable Business Strategy

March 6, 2023

Jacobs Engineering Group completed its inaugural offering of $500 million of unsecured sustainability-linked senior notes due 2033. The notes were issued under Jacobs Engineering's new Sustainability-Linked Bond Framework, which is part of the company's sustainable business strategy, and include potential interest increase provisions if Jacobs fails to meet greenhouse gas emissions and workforce diversity targets.
Jacobs Engineering is a leading global professional services company that designs and deploys technology solutions and provides a broad 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 California-based S&C team representing Jacobs Engineering included Patrick Brown, Alexandra Smith and Alexandria Ross. Samuel Saunders provided valuable assistance on sustainability-linked bond matters, including Jacobs' sustainability-linked bond framework. Davis Wang and Bella Schapiro advised on tax matters. Kirsten Rodger and Marcus Köttering in London advised on U.K. and European law matters.