secwatch.observer — SEC 8-K summary
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Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001193125-26-110913
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jacobs Solutions enters $1.5B revolver, $1.2B term loans; borrows $601M for PA Consulting acquisition
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- New $1.5B revolving credit facility maturing March 16, 2031 with incremental capacity up to $750M.
- Borrowed $545M under revolver to repay existing credit; $56M to finance PA Consulting acquisition.
- Also entered $1.2B term loan (3-year $700M, 5-year $500M) to fund PA Consulting acquisition, borrowed March 17.
- Acquisition of remaining PA Consulting shares from PA Shareholders; proceeds also from cash on hand if needed.
- Financial covenant: consolidated leverage ratio ≤ 3.50:1.00 (temporary to 4.00:1.00 for material acquisitions).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000119312526110913/0001193125-26-110913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000119312526110913/d121240d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-110913

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