secwatch.observer — SEC 8-K summary
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Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001193125-23-027095
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/0001193125-23-027095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000119312523027095/d452879d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-027095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer