Alternate Reduces Debt via roughly $312 million

DALLAS, March 13, 2025 /PRNewswire/ — Jacobs (NYSE:J) these days introduced that it has effectively exited its fairness stake in Amentum Holdings, Inc. (“Amentum”) via exchanging 19,464,174 stocks of usual secure of Amentum held via its wholly-owned subsidiary, Jacobs Engineering Crew Inc. (“JEG”), for roughly £240 million mixture major quantity of JEG time period loans. The Amentum usual secure was once offered via BofA Securities, Inc., as promoting shareholder, to buyers in a registered people providing that closed on March 13, 2025. Nearest giving impact to the transaction and the depart of the exchanged JEG time period loans, Jacobs’ mixture exceptional borrowings lowered via roughly £240 million, or the similar of roughly $312 million.¹

Jacobs’ Chair and CEO Bob Pragada commented, “We are pleased to have successfully completed this equity for debt exchange, achieving value for our shareholders through further debt reduction, within our previously announced timeline. Exiting our position in Amentum is another step in our business transformation strategy resulting in an industry leading science-based consulting and advisory company delivering resilient, digitally enabled infrastructure solutions having a positive impact on the world.”

An alternative 9,732,087 stocks of Amentum usual secure stay in escrow, topic to ultimate decision of sure efficiency milestones in reference to a post-closing adjustment to the merger attention equipped within the transaction paperwork in terms of the combo of Jacobs’ Crucial Project Answers and Cyber & Insigt companies with Amentum Guardian Holdings LLC on September 27, 2024. As in the past disclosed, Jacobs intends to distribute any alternative stocks of Amentum usual secure to which it turns into entitled on a professional rata foundation to Jacobs’ shareholders as of a document future that will probably be all set as soon as the general decision is reached.

BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas and TD Cowen acted as joint book-running managers within the registered people providing of Amentum usual secure.

This press let fall is for informational functions simplest and does no longer represent an do business in to promote or the solicitation of an do business in to shop for any securities, nor will there be any do business in, solicitation or sale of the securities, in any shape or jurisdiction during which such do business in, solicitation or sale can be illegal previous to registration or qualification underneath the securities rules of such a shape or jurisdiction. An efficient shelf registration commentary, underneath which securities have been offered, was once filed in the past with the U.S. Securities and Alternate Fee. The providing was once made by way of a prospectus complement and accompanying prospectus, copies of that may be received via contacting BofA Securities, Consideration: Prospectus Branch, 201 North Tryon Boulevard, NC1-022-02-25 Charlotte, North Carolina 28255-0001, or via emailing: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Monetary Answers, 1155 Lengthy Island Street, Edgewood, Untouched York 11717, or e-mail: [email protected]; or Morgan Stanley & Co. LLC, Consideration: Prospectus Branch, 180 Varick Boulevard, Untouched York, Untouched York 10014. An digital magazine can also be received at www.sec.gov.

About Jacobs

At Jacobs, we’re difficult these days to reinvent the next day – turning in results and answers for the sector’s most intricate demanding situations. With roughly $12 billion in annual earnings and a crew of virtually 45,000, we lend end-to-end products and services in complex production, towns & parks, power, environmental, generation sciences, transportation and aqua. From advisory and consulting, feasibility, making plans, design, program and lifecycle control, we’re making a extra hooked up and sustainable international. See how at jacobs.com and fasten with us on Fb, Instagram, LinkedIn and X.

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Positive statements contained on this press let fall represent forward-looking statements inside the which means of the Personal Securities Litigation Reform Business of 1995. Ahead-looking statements are statements that do indirectly relate to any ancient or wave reality. When worn herein, phrases equivalent to “expects,” “anticipates,” “believes,” “seeks,” “estimates,” “plans,” “intends,” “future,” “will,” “would,” “could,” “can,” “may,” and matching phrases are supposed to spot forward-looking statements. Examples of forward-looking statements come with, however don’t seem to be restricted to, statements we manufacture relating to our expectancies in regards to the distribution of alternative stocks of Amentum usual secure to our shareholders going forward. We bottom those forward-looking statements on control’s wave estimates and expectancies, in addition to recently to be had aggressive, monetary and financial information. Ahead-looking statements, then again, are inherently unsure. There are a number of things that would purpose trade effects to fluctuate materially from our forward-looking statements together with, however no longer restricted to, uncertainties as to the affect of the lately finished break-up transaction pursuant to which we spun off and merged our Crucial Missions Answers and Cyber & Insigt companies with Amentum (in combination, “new Amentum”) on Jacobs’ and untouched Amentum’s companies, the timing of the award of initiatives and investment and possible adjustments to the quantities equipped for only the Infrastructure Funding and Jobs Business and alternative regulation and govt orders alike to governmental spending, and adjustments in U.S. or overseas tax rules, statutes, regulations, rules or ordinances, together with the affect of, and adjustments to price lists or industry insurance policies, that can adversely affect our day monetary positions or result of operations, in addition to common financial statuses, together with inflation and the movements taken via financial government according to inflation, adjustments in rates of interest and foreign exchange trade charges, adjustments in capital markets, the potential of a recession or financial downturn, and greater lack of certainty and dangers, together with coverage dangers and possible civil unrest, in terms of the end result of elections throughout our key markets and increased geopolitical rigidity and conflicts, amongst others. For an outline of those and alternative components that can happen that would purpose fresh effects to fluctuate from our forward-looking statements, see our filings with the U.S. Securities and Alternate Fee. The corporate isn’t underneath any responsibility to replace any of the forward-looking statements later the future of this press let fall to evolve to fresh effects, aside from as required via appropriate regulation.

Contacts:
Buyers:
Bert Subin
[email protected]

Media:
Louise White
[email protected]
469-724-0810

¹ Calculated in keeping with $1.2990 in line with £1.

SOURCE Jacobs