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JACOBS ENGINEERING GROUP INC /DE/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

February 11, 2014



Item 1.01 Entry into a Material Definitive Agreement

(a) On February 7, 2014, Jacobs Engineering Group Inc. (the "Registrant") and certain of its subsidiaries, as borrowers, entered into an amended and restated credit agreement (the "New Credit Agreement") with Bank of America N.A. ("Bank of America"), BNP Paribas, Wells Fargo Bank N.A. and certain other U.S. domestic and international banks, as lenders.

The New Credit Agreement amends and restates that certain credit agreement dated as of March 29, 2012, among the Registrant and certain of its subsidiaries as borrowers, and Bank of America and certain other U.S. domestic and international banks as lenders (the "Former Credit Agreement").

The New Credit Agreement amends the Former Credit Agreement by, among other things, (a) extending the maturity date of the credit facility to February 7, 2019, (b) increasing the facility amount to $1,600,000,000 (with an accordion feature that allows the Registrant and the lenders to increase the facility amount to $2,100,000,000), (c) maintaining an interest rate of either a eurocurrency rate plus a margin of between 1.000% and 1.500% or a base rate plus a margin of between 0% and 0.500%, depending on the Registrant's Consolidated Leverage Ratio, and (d) reducing the fees on the unused portion of the facility by 0.025% to a range of 0.100% to 0.250% depending on the Registrant's Consolidated Leverage Ratio.

Capitalized terms used herein and not otherwise defined have the meanings given in the New Credit Agreement. The foregoing description of the New Credit Agreement is qualified in its entirety by reference to the complete text of the New Credit Agreement, a copy of which is filed as exhibit 10.1 hereto and is incorporated by reference herein.

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Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Credit Agreement dated as of February 7, 2014 among Jacobs Engineering Group Inc. and certain of its subsidiaries (as "borrowers"), and the Bank of America, N.A. (as "Administrative Agent"); Bank of America, N.A., BNP Paribas, and Wells Fargo Bank, N.A. (as Co-Syndication Agents); The Bank of Tokyo-Mitsubishi UFJ, LTD, and TD Bank, N.A. (as Co-Documentation Agents); Merrill Lynch, Pierce, Fenner & Smith Incorporated (as Sole Book Manager); and Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas Securities Corp, and Wells Fargo Securities, LLC (as Joint Lead Arrangers).



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Source: Edgar Glimpses


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