Aecom finalizes $700 million term loan B at 99.75 OID

By Sara Rosenberg

New York, April 17 – Aecom set the original issue discount on its $700 million seven-year first-lien term loan B (Baa3/BBB-) at 99.75, the tight end of revised talk of 99.5 to 99.75 and tighter than initial talk of 99.5, according to a market source.

Pricing on the term loan is SOFR plus 187.5 basis points with a 0% floor.

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

Earlier in syndication, pricing on the term loan firmed at the low end of the SOFR plus 187.5 bps to 200 bps talk.

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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