Jacobs completes equity for debt exchange

Exchange reduces debt by approximately $312 million dallas , march 13, 2025 /prnewswire/ -- jacobs (nyse:j) today announced that it has successfully exited its equity stake in amentum holdings, inc. ("amentum") by exchanging 19,464,174 shares of common stock of amentum held by its wholly-owned subsidiary, jacobs engineering group inc. ("jeg"), for approximately £240 million aggregate principal amount of jeg term loans. the amentum common stock was sold by bofa securities, inc., as selling shareholder, to investors in a registered public offering that closed on march 13, 2025.
J Ratings Summary
J Quant Ranking