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Jacobs Solutions ( (J) ) just unveiled an update.
On March 27, 2025, Jacobs Solutions Inc. and Jacobs Engineering Group Inc. entered into a $200 million and £410 million term loan agreement with Bank of America, N.A. The loan, which has a two-year term, will be used to repay existing debt and for general corporate purposes. The agreement includes customary covenants and interest rates based on the borrower’s leverage ratio. The proceeds were used to repay the outstanding amounts under a previous loan agreement, resulting in the termination of related obligations and agreements.
More about Jacobs Solutions
Jacobs Solutions Inc. operates in the engineering and construction industry, providing a wide range of technical, professional, and construction services. The company focuses on delivering innovative solutions to clients across various sectors, including infrastructure, aerospace, and technology.
YTD Price Performance: -6.99%
Average Trading Volume: 883,236
Technical Sentiment Signal: Sell
Current Market Cap: $15.19B
See more insights into J stock on TipRanks’ Stock Analysis page.