---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-027095"
form_type: "8-K"
ticker: "J"
cik: "0000052988"
company_name: "JACOBS SOLUTIONS INC."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:20:13.727211+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Jacobs Solutions enters $2.25B sustainability-linked revolver and amends term loan facilities

## Summary
- New $2.25B revolving credit facility matures Feb 2028; replaces existing revolver, adds SOFR/SONIA rate options.
- Amended & restated term loan: $200M USD (matures Feb 2026) and £650M (matures Sept 2025).
- Third amendment to 2020 term loan: $638.75M USD and £218.75M facilities, both sustainability-linked.
- Leverage ratio covenant increased to 3.50:1 (temporary 4.00:1 for material acquisitions); net worth covenant eliminated.
- Interest margins now range from 0.875% to 1.625% over SOFR/SONIA; annual adjustments tied to diversity targets.

## SEC filing metadata
- accession: 0001193125-23-027095
- form_type: 8-K
- ticker: J
- cik: 0000052988
- company_name: JACOBS SOLUTIONS INC.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/0001193125-23-027095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/d452879d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-027095
- JSON: https://secwatch.observer/filing/0001193125-23-027095.json
- Plain text: https://secwatch.observer/filing/0001193125-23-027095.txt

## Key facts
- Debt Financings
  JACOBS SOLUTIONS INC. amended revolving credit of $2,250,000,000 with Bank of America, N.A., as administrative agent at SOFR plus 0.875% to 1.625% maturing February 6, 2028.
  - Instrument: revolving credit
  - Principal: $2,250,000,000
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: SOFR plus 0.875% to 1.625%
  - Maturity: February 6, 2028
  - Event: amendment
  source text: The Revolving Credit Agreement provides to JEGI and the other borrowers party thereto from time to time with a sustainability-linked $2,250,000,000 revolving facility, which can be borrowed in U.S. dollars, British Sterling, Euros, Canadian dollars, Australian dollars, Swedish Krona, Singapore dollars and other agreed upon alternative currencies, and amends the Existing Revolving Credit Agreement by, among other things, (a) extending the maturity date to February 6, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/0001193125-23-027095-index.htm
- Material Agreements
  JACOBS SOLUTIONS INC. amended Revolving Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $2,250,000,000 (effective 2023-02-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
  - Value: $2,250,000,000
  - Effective: 2023-02-06
  source text: On February 6, 2023, Jacobs Solutions Inc. (the “Company”), Jacobs Engineering Group Inc. ( “JEGI”) and certain of JEGI’s wholly owned subsidiaries, as borrowers, entered into a third amended and restated credit agreement (the “Revolving Credit Agreement”) with the lenders party thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., BNP Paribas, TD Bank, N.A. and Wells Fargo Bank, National Associate, as co-syndication agents, The Bank of Nova Scotia, HSBC Bank USA, National Association and U.S. Bank National Association, as co-documentation agents, and BofA Securities, Inc., BNP Paribas Securities Corp. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and BofA Securities, Inc., as Sustainability Coordinator.
  evidence_url: https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/0001193125-23-027095-index.htm
- Material Agreements
  JACOBS SOLUTIONS INC. amended Amended and Restated Term Loan Agreement with Bank of America, N.A., as administrative agent, and the lenders party thereto (effective 2023-02-06).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
  - Effective: 2023-02-06
  source text: On February 6, 2023, the Company and JEGI, entered into an amended and restated term loan agreement (the “Amended and Restated Term Loan Agreement”) with the lenders party thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., BNP Paribas, TD Bank, N.A. and Wells Fargo Bank, National Associate, as co-syndication agents, The Bank of Nova Scotia, National Westminster Bank PLC, and U.S. Bank National Association, as co-documentation agents, and BofA Securities, Inc., BNP Paribas Securities Corp. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and BofA Securities, Inc., as Sustainability Coordinator.
  evidence_url: https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/0001193125-23-027095-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.