J · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
JACOBS SOLUTIONS INC. · 2026-08-04 · Importance 64 · Surprise 42 · No source text
Long-term debt increased $1.3 billion from September 26, 2025, primarily because Jacobs issued $800.0 million of 4.75% Bonds and $500.0 million of 5.375% Bonds on March 3, 2026. The bond proceeds were used to repay the remaining $200.0 million and £410.0 million balances under the 2025 Term Loan Facility. On March 16, 2026, Jacobs entered into a 2026 Term Loan Facility comprising $700.0 million due in 2029 and $500.0 million due in 2031. The company said debt proceeds funded the PA Consulting Transaction, share repurchases, dividends and related tax payments.
Key facts
- On March 27, 2025, the Company and its subsidiary entered into the 2025 Term Loan Facility and the proceeds were used to extinguish the remaining $531.6 million under the GBP 2021 Term Loan contract. source
- Under the 2025 Term Loan Facility, JEGI borrowed a $200.0 million term loan and £410.0 million term loan for a term of two-years maturing on March 26, 2027. source
- On March 16, 2026, the Company entered the 2026 Term Loan Facility and borrowed a $700.0 million term loan maturing on March 16, 2029 and a $500.0 million term loan maturing on March 14, 2031. source
- The 4.75% Bonds and 5.375% Bonds issued on March 3, 2026 are fully and unconditionally guaranteed by JEGI. source
- On February 16, 2023, the Company issued 5.90% Bonds in the aggregate principal amount of $500.0 million. source
- On August 18, 2023, the Company issued 6.35% Bonds in the aggregate principal amount of $600.0 million. source
- On March 3, 2026, the Company issued 4.75% Bonds totaling $800.0 million and 5.375% Bonds totaling $500.0 million (aggregate $1.3 billion). source
- On March 3, 2026 the Company used proceeds from the bonds to repay the then remaining outstanding 2025 Term Loan Facility principal equal to $200.0 million and £410.0 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -34.5% | Proceeds from long-term borrowings for the nine months ended June 26, 2026 were $4,057,000 thousand. |
| liability | positive | realized | +23.0% | Repayments of long-term borrowings for the nine months ended June 26, 2026 were $(2,705,828) thousand. |
| cash | negative | realized | -23.0% | Repayments of long-term borrowings for the nine months ended June 26, 2026 were $(2,705,828) thousand. |
| liability | negative | realized | -11.1% | On March 3, 2026, the Company issued 4.75% Bonds totaling $800.0 million and 5.375% Bonds totaling $500.0 million (aggregate $1.3 billion). |
| liability | negative | realized | -10.2% | On March 16, 2026, the Company entered the 2026 Term Loan Facility and borrowed a $700.0 million term loan maturing on March 16, 2029 and… |
| liability | positive | realized | +1.7% | On March 3, 2026 the Company used proceeds from the bonds to repay the then remaining outstanding 2025 Term Loan Facility principal equal… |
| liability | positive | realized | — | On March 3, 2026 the Company used proceeds from the bonds to repay the then remaining outstanding 2025 Term Loan Facility principal equal… |
| liability | negative | realized | — | As of June 26, 2026 Obligor Group long-term debt was $3,579,376 thousand. |