Menu

Jacobs Engineering Obtains $1 Billion Term Loan Facility

March 27, 2020

Palo Alto and London – Paul Hastings LLP, a leading global law firm, announced that it has advised Jacobs Engineering Group, Inc. and Jacobs U.K. Limited in connection with a $1 billion term loan facility. Under the term loan facility, Jacobs Engineering Group, Inc., one of the world’s largest and most diverse providers of highly technical services, will borrow an aggregate principal amount of $730,000,000 and Jacobs U.K. will borrow an aggregate principal amount of £250,000,000 on March 26, 2020. The term loan facility matures on the fifth anniversary of the funding, and will be used for general corporate purposes.

Bank of America, N.A. served as administrative agent, with Bank of America, N.A., and BNP Paribas and Wells Fargo Bank, N.A., as co-syndication agents. The Bank of Nova Scotia, Goldman Sachs Bank USA, HSBC Bank, USA, PNC Bank, National Association, TD Bank, N.A. and U.S. Bank National Association, were co-documentation agents, and BofA Securities, Inc., BNP Paribas Securities Corp. and Wells Fargo Securities, LLC, served as joint lead arrangers and joint bookrunners.    

The Paul Hastings team was led by partners Lindsay Sparks in Palo Alto and Richard Kitchen in London, with associates Angela Kim, Amy Lawrence, Jiten Tank, Amin Doulai, and Andrew Lowndes assisting.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.