|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.33 - 9.33|
|52 Week Range||7.50 - 14.76|
|Beta (3Y Monthly)||1.88|
|PE Ratio (TTM)||54.56|
|Forward Dividend & Yield||0.18 (1.72%)|
|1y Target Est||N/A|
DALLAS, April 29, 2019 /PRNewswire/ -- Jacobs (JEC) today announced that it has successfully closed the previously announced sale of its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Limited (WOR.AX). "With admiration for the people of the ECR business, which dates back to our company's founding more than 70 years ago, we extend appreciation and best wishes for continued success as a new force for the future of the energy sector," said Jacobs Chair and CEO Steve Demetriou.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Oregon Clean Energy, LLC's $500 million senior secured term loan and $50 million senior secured revolving credit facility maturing in February 2026 and February 2024, respectively. The Ba3 rating considers the known capacity revenues through May 2022 derived from past PJM base residual auctions as a source of reliable cash flow and future revenues over the next three and a half years.
"For Jacobs, this transaction marks an inflection point in our portfolio transformation focused on more consistent, higher-margin growth as a leader solving the world's critical challenges," said Jacobs Chairman and CEO Steve Demetriou. "The increased financial flexibility we gain from this sale better positions us to invest in our ATEN and BIAF businesses, focusing our premier talent and expertise on technology, innovation and sustainable solutions that are priorities for our infrastructure and government services clients.
Moody's Investors Service has today assigned a provisional (P)B1 rating to Great Horizon Capital Pte Ltd's (GHCap) proposed senior secured notes of up to USD350 million. The provisional status of the rating will be removed upon Moody's satisfactory review of the final documentation. Moody's expects that GHCap will transfer the proceeds from the proposed USD notes to Great Horizon Consulting Pte Ltd (GHCon), a wholly owned subsidiary, who will on-lend the funds to DSSP Power Sumsel (P.T.) (Sumsel) in the form of an intercompany loan.