secwatch.observer — SEC 8-K summary
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Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001193125-23-041184
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jacobs issues $500M 5.900% sustainability-linked notes due 2033
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- $500M aggregate principal of 5.900% senior notes due March 1, 2033; fully guaranteed by Jacobs Solutions.
- Net proceeds of ~$494M will repay a portion of outstanding revolver borrowings.
- Treasury lock hedge resulted in a pre-tax gain of $37.4M, lowering effective rate to 4.996%.
- Interest steps up 12.5 bps in 2028 (gender diversity target) and 2030 (GHG target) if unmet.
- Notes callable at par after December 1, 2032; change-of-control put at 101% with rating downgrade.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000119312523041184/0001193125-23-041184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000119312523041184/d418190d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-041184

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