Aecom launches $500 million term loan B at Libor plus 200 bps

By Sara Rosenberg

New York, April 5 – Aecom held a lender call at 1 p.m. ET on Monday to launch a $500 million seven-year term loan B (Baa3/BBB-) that is talked at Libor plus 200 basis points with a 0% Libor floor and an original issue discount of 99, according to a market source.

BofA Securities Inc. is the lead on the deal.

Commitments are due at noon ET on Friday, the source added.

Proceeds will be used to fund a tender offer for the company’s 5 7/8% senior notes due 2024.

The tender offer expires on April 20.

Aecom is a Los Angeles-based infrastructure consulting firm.

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