- AECOM (ACM, Financial) announces the pricing of $1.2 billion in senior unsecured notes due 2033 with an interest rate of 6.0%.
- The proceeds will be used to purchase outstanding 5.125% Senior Notes due 2027 through a concurrent cash tender offer.
- The offering is set to close on or around July 22, 2025, following customary conditions.
AECOM (ACM), a global leader in infrastructure services, has priced its offering of $1.2 billion in aggregate principal amount of senior unsecured notes due 2033. The senior notes will bear an interest rate of 6.0% and are scheduled to mature on August 1, 2033. The notes will be guaranteed by certain subsidiaries of AECOM and are structured to pay interest semiannually.
The sale of these notes is expected to close around July 22, 2025, subject to typical closing conditions. The company plans to utilize the net proceeds, along with existing cash reserves, to repurchase its outstanding 5.125% Senior Notes due 2027 through a concurrent cash tender offer. Any 2027 Notes not acquired via the tender offer will be redeemed, with funds also allocated to cover associated fees and expenses.
The issuance of these senior notes will occur through a private offering limited to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. investors in offshore deals under Regulation S. The notes and respective guarantees are not registered under the Securities Act or other jurisdictions' securities laws, hence prohibiting their sale in the United States sans registration or valid exemption.
AECOM, listed under ticker ACM, is a Fortune 500 company with a 2024 fiscal year revenue of $16.1 billion. The firm specializes in offering comprehensive infrastructure solutions in sectors like water, environment, energy, and transportation.
