Jacobs draws down $730 million, £250 million under term loan

By Rebecca Melvin

New York, March 27 – Jacobs Engineering Group Inc. borrowed $730 million and Jacobs U.K. Ltd. borrowed £250 million under its term loan facility, according to an 8-K filing with the Securities and Exchange Commission.

The borrowings bear interest at Libor plus a margin ranging from 87.5 basis points to 150 bps.

The company entered into the facility with Bank of America NA as administrative agent, BNP Paribas and Wells Fargo Bank NA as co-syndication agents, and Bank of Nova Scotia, HSBC Bank USA, NA, Industrial and Commercial Bank of China Ltd., New York Branch, PNC Bank, NA, TD Bank, NA, Truist Bank and U.S. Bank NA as co-documentation agents. BofA Securities, Inc., BNP Paribas Securities Corp. and Wells Fargo Securities, LLC are joint lead arrangers and joint bookrunners. Each of Bank of America, BNP Paribas, Wells Fargo Bank, Scotiabank, PNC Bank, TD Bank and US Bank are agents, arrangers and lenders under the company’s second amended and restated credit agreement of March 27, 2019.

The Pasadena, Calif.-based company provides technical, professional and construction services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.