secwatch.observer — SEC 8-K summary
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Issuer:     AECOM (ACM)
CIK:        0000868857
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001104659-24-051959
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AECOM enters into $2.95B debt refinancing: $1.5B revolver, $750M Term A, $700M Term B
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- New $1.5B revolving credit facility and $750M Term Loan A mature April 19, 2029; $700M Term Loan B matures April 19, 2031.
- Revolving and Term A loans bear interest at SOFR + 1.25% (or base + 0.25%); Term B at SOFR + 1.875% (or base + 0.875%).
- Facilities fully refinance prior credit facilities; borrowings used to repay existing debt on April 19, 2024.
- Credit agreement includes leverage covenant of ≤4.00x, tested quarterly, with sustainability margin adjustment tied to CO2 emissions.
- Obligations guaranteed by certain subsidiaries and secured by substantially all assets of AECOM and guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868857/000110465924051959/0001104659-24-051959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868857/000110465924051959/tm2412424d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-051959

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