Jacobs Completes Equity for Debt Exchange
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Jacobs (NYSE:J) has completed an equity for debt exchange, reducing its debt by approximately $312 million. The company exited its equity stake in Amentum Holdings by exchanging shares for term loans.
March 13, 2025 | 1:30 pm
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Jacobs has reduced its debt by $312 million through an equity for debt exchange, exiting its stake in Amentum Holdings. This move strengthens its balance sheet.
The reduction of $312 million in debt is a significant financial maneuver for Jacobs, improving its financial health and potentially leading to a positive market reaction. Exiting its stake in Amentum Holdings also allows Jacobs to focus on its core operations.
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