Aecom launches $700 million term loan B at SOFR plus 187.5-200 bps

By Sara Rosenberg

New York, April 5 – Aecom launched on Friday a $700 million seven-year first-lien term loan B (Baa3) with price talk of SOFR plus 187.5 basis points to 200 bps with a 0% floor and an original issue discount of 99.5, according to a market source.

The term loan B has 101 soft call protection for six months and no CSA.

BofA Securities Inc. is the left lead arranger on the deal.

The company also plans on getting a new term loan A.

Proceeds from the term loans will be used to refinance the company’s existing first-lien credit facilities and to add cash to the balance sheet.

Aecom is a Dallas-based provider of professional infrastructure consulting services.

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