Aecom amends credit agreement to allow for term loan prepayment

By Sarah Lizee

Olympia, Wash., Feb. 3 – Aecom amended its credit agreement on Jan. 28 and modified the mandatory prepayment provision so that the company can prepay outstanding term loans with proceeds from the sale of its management services business, according to an 8-K filing with the Securities and Exchange Commission.

The business was sold to affiliates of American Securities LLC and Lindsay Goldberg LLC for a purchase price of $2,405,000,000.

Additionally, the asset disposition covenant under the agreement was amended to permit the sale.

Bank of America, NA is the administrative agent.

Aecom is a Los Angeles-based designer, builder, financer and operator of infrastructure assets for governments, businesses and organizations.

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