Amentum US$4.6bn credit facilities for the Jacobs government services combination
Pay Jacobs US$1bn in cash for its spun-off government services business (Reverse Morris Trust) and repay the prior Amentum credit agreements
Key terms
- Borrower or issuer
- Amentum
- Date
- 27 Sep 2024
- Type
- Acquisition finance
- Amount
- US$4.6bn
Recorded terms
- Structure
- US$3.75bn first lien term facility (US$1.13bn first borrowed under a separate term credit agreement, then rolled in) and US$850m revolving facility
- Lenders and arrangers
- JPMorgan Chase Bank, N.A., administrative agent
- Country
- United States
Parties
- Amentum borrower or issuer
- Agent: J.P. Morgan
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Oct 2024 | CACI International US$750m term loan B for the Azure Summit acquisition | Acquisition finance | US$750m |
| 1 May 2025 | AeroVironment US$700m term loan A for the BlueHalo acquisition | Acquisition finance | US$700m |
| 5 Dec 2023 | Hensoldt acquisition financing for ESG | Acquisition finance | €675m |
| 15 Nov 2023 | TransDigm US$1.0bn 7.125% senior secured notes due 2031 for the CPI Electron Device acquisition | Acquisition finance | US$1bn |
| 9 Mar 2026 | CACI International US$800m incremental term B-2 loans for the ARKA acquisition | Acquisition finance | US$800m |
More from Amentum
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Apr 2026 | Amentum US$4.0bn refinancing (term loans A and B and revolver, 2026) | Bank facility | US$3.99bn |
| 27 Sep 2024 | Amentum US$1,000m 7.250% senior notes due 2032 | Acquisition finance | US$1bn |
M&A and investment involving Amentum
| Date | Deal | Type | Value |
|---|---|---|---|
| 27 Sep 2024 | Amentum combination with Jacobs Critical Mission Solutions | M&A | Not disclosed |
Sources
- Amentum Form 8-K/A: credit agreement entered on completion of the Jacobs transaction sec.gov · 3 Oct 2024
- Amentum credit agreement filed with the SEC (Exhibit 10.1) sec.gov · 3 Oct 2024
About this record
Record DEF-2024-0019, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Acquisition debt is committed before signing, often as a bridge, and refinanced with bonds or term loans once the deal closes.
