Jacobs Solutions prices $1.3 billion in senior notes to fund PA Consulting deal
Jacobs Solutions completed an offering of $1.3 billion in senior unsecured notes due 2031 and 2036. The company plans to use the proceeds mainly to fund the cash consideration for its acquisition of the remaining shares of PA Consulting Group, with the rest going to repay revolving and term loan debt if the deal is delayed or not completed. For shareholders, the filing shows the company taking on new long-term debt to finance a large acquisition.
Key points
- $800 million of 4.750% Senior Notes due March 3, 2031, and $500 million of 5.375% Senior Notes due March 3, 2036
- Interest is paid semi-annually on March 3 and September 3, starting September 3, 2026
- Proceeds are intended to finance cash consideration for the acquisition of PA Consulting Group's remaining shares; if the deal is not completed, proceeds will repay revolving and term loan borrowings
- Notes are fully guaranteed by subsidiary Jacobs Engineering Group Inc. and issued under an indenture with U.S. Bank Trust Company as trustee
The filing
Written by AI on Nov 8, 2026, 7:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.