Current Report
Filed: 2026-03-10
Key Insights
- AECOM has obtained a new $1.5 billion revolving credit facility, a $950 million term loan A facility, and a $500 million term loan B facility, which extend the maturity of the revolving credit facility and term loan A by two years.
- The amended credit agreement contains customary negative covenants, including restrictions on AECOM's ability to incur debt, make investments, and change its business, as well as a requirement to maintain a consolidated leverage ratio of less than or equal to 4.00 to 1.00.
- Borrowing rates under the new facilities are tied to SOFR and base rates, with the potential for positive or negative adjustments based on AECOM's achievement of certain CO2 emission targets.