Aecom borrows $248.52 million from delayed-draw term loan

By Taylor Fox

New York, Aug. 4 – Aecom borrowed $248,522,000 aggregate principal amount of term loans under its secured delayed-draw term loan facility agreement dated Oct. 17, 2014, according to an 8-K filing with the Securities and Exchange Commission.

Aecom intends to use the proceeds of the loans and cash on hand to fund the redemption of its 2022 URS senior notes.

Bank of America, NA is administrative agent.

Based in Los Angeles, Aecom designs, builds, finances and operates infrastructure assets.

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