ŷ Completes Equity for Debt Exchange
ŷ announced that it has successfully exited its equity stake in Amentum Holdings, Inc. ("Amentum") by exchanging 19,464,174 shares of common stock of Amentum held by its wholly-owned subsidiary, ŷ Engineering Group Inc. ("JEG"), for approximately £240 million aggregate principal amount of JEG term loans. The Amentum common stock was sold by BofA Securities, Inc., as selling shareholder, to investors in a registered public offering that closed on March 13, 2025. After giving effect to the transaction and the retirement of the exchanged JEG term loans, ŷ' aggregate outstanding borrowings decreased by approximately £240 million, or the equivalent of approximately $312 million.
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ŷ Announces Multi-Year Growth Strategy at 2025 Investor Day
ŷ will outline its multi-year growth strategy and set out its long-term financial framework at its 2025 Investor Day February 18, 2025. The company’s strategy, Challenge Accepted, accelerates ŷ’ transformation to a more focused business positioned to drive profitable growth and deliver market-leading infrastructure, water, life sciences and advanced manufacturing solutions.
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