Jacobs Solutions subsidiary issues $600M 6.350% Senior Notes due 2028; proceeds to repay revolver

JACOBS SOLUTIONS INC.

JEGI issued $600M of 6.350% Senior Notes due 2028, fully guaranteed by Jacobs Solutions.
Net proceeds ~$595M used to repay amounts outstanding under long-term revolving credit facility.
Interest payable semi-annually at 6.350%; notes mature August 18, 2028.
Notes are senior unsecured obligations of JEGI; guarantee ranks equally with parent's senior debt.

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