Aecom amends credit agreement to add $215 million term A loans

By Marisa Wong

Los Angeles, June 25 – Aecom amended on Friday its syndicated facility agreement dated Oct. 17, 2014 with Bank of America, NA as administrative agent for an additional $215 million under its secured term A facility, according to an 8-K filing with the Securities and Exchange Commission.

The term A loan matures on Feb. 8, 2026.

The term A loan bears interest at Libor plus 150 basis points, subject to adjustments based on the company’s consolidated leverage ratio.

The company used the net proceeds from the increase, together with cash on hand, to redeem all of its remaining 5 7/8% senior notes due 2024 and to pay related fees and expenses.

Aecom is a Los Angeles-based infrastructure consulting firm.

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