Jacobs (J) Completes Equity for Debt Exchange

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Go back to Jacobs (J) Completes Equity for Debt Exchange

Jacobs Completes Equity for Debt Exchange

March 13, 2025 9:17 AM EDT

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... More