Milbank LLP represented the underwriters in connection with a debt-for-equity transaction that included a registered secondary offering of 19,464,174 shares of common stock of Amentum Holdings, Inc., which generated in $320 million of proceeds at a public offering price of $16.50 per share. In connection with the transaction, a subsidiary of Jacobs Solutions Inc. exchanged the shares for indebtedness of that subsidiary held by an affiliate of BofA Securities, Inc.
BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas and TD Cowen acted as joint book-running managers for the offering.
Amentum is an advanced engineering and innovative technology solutions company.
The Milbank team was led by Corporate Finance and Securities partners Rod Miller and Brett Nadritch, with associates Egzon Sulejmani, Nicole Haddad and Adnene Gargouri. The team also included Tax partner Andrew Walker and associate Michelle Song.
