Jacobs Engineering Obtains $1 Billion Term Loan Facility
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.
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