- AECOM (ACM, Financial) completes tender offer for its 5.125% senior notes due 2027.
- 73.49% of the total outstanding notes, valued at $732,914,000, were tendered.
- All remaining notes will be redeemed on August 14, 2025, following a successful notes offering.
AECOM (ACM) has announced the expiration and results of its cash tender offer for its 5.125% senior notes due 2027. The tender offer, which concluded on July 21, 2025, saw $732,914,000 in aggregate principal amount of the notes tendered, representing 73.49% of the total outstanding notes. Additionally, $4,376,000 of notes were tendered via guaranteed delivery procedures.
Holders of the notes accepted in the tender will receive a total consideration of $1,008.76 per $1,000 principal amount, plus accrued interest up to July 22, 2025. This marks the initial settlement date for the notes, with a subsequent settlement date for guaranteed delivery on July 24, 2025.
AECOM has further issued a conditional redemption notice for the remaining outstanding notes, set for August 14, 2025. The redemption is backed by the company's recent offering of senior unsecured notes due 2033, which has now closed, fulfilling the financing condition needed for this action.
As part of the tender offer, AECOM had appointed BofA Securities as the exclusive dealer manager, and D.F. King and Co., Inc. as the tender and information agent.
