Aecom restates credit agreement for $1.05 billion revolver due 2019

By Marisa Wong

Madison, Wis., Jan. 31 - Aecom Technology Corp. entered into on Wednesday a fourth amended and restated credit agreement to replace its revolving credit agreement set to expire in 2016, preserving the revolving facility's available borrowing capacity at $1.05 billion, according to an 8-K filing with the Securities and Exchange Commission.

The amended credit facility expires on Jan. 29, 2019.

The company may increase commitments under the facility up to an additional $200 million.

Loans bear interest at Libor plus an applicable margin of 112.5 basis points to 225 bps, based on the company's leverage ratio at the end of each fiscal quarter.

The credit agreement requires the company to maintain some financial ratios, the filing noted.

Bank of America, NA is the administrative agent and a lender under the restated credit agreement. Union Bank, NA, BNP Paribas and Wells Fargo Bank, NA are the co-syndication agents; Bank of America Merrill Lynch is a co-lead arranger and the sole book manager; Union Bank, BNP Paribas Securities Corp. and Wells Fargo Securities, LLC are the other co-lead arrangers; and HSBC Bank USA, NA, Sumitomo Mitsui Banking Corp. and Bank of Nova Scotia are documentation agents.

Aecom provides engineering and management support services. It is based in Los Angeles.

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