Jacobs exits Amentum equity stake via debt exchange, reducing borrowings by $312M

JACOBS SOLUTIONS INC.

Exchanged 19,464,174 Amentum shares held by Jacobs Engineering Group for £240M in JEG term loans.
Term loans retired; net debt reduced by ~$312M (at $1.2990/£1).
Additional 9,732,087 Amentum shares remain in escrow pending performance milestones.
Jacobs intends to distribute any future Amentum shares to its shareholders pro rata.
Transaction closed March 13, 2025, via registered public offering by BofA Securities et al.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.