AECOM (NYSE:ACM) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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AECOM (NYSE:ACM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On March 31, 2017, AECOM (the “Company”) entered into Amendment No. 4 to Credit Agreement (“Amendment No. 4”) that amended the Company’s Credit Agreement, dated as of October 17, 2014 (as amended from time to time, including by Amendment No. 4, the “Credit Agreement”) among the Company, certain of its subsidiaries, certain lenders and Bank of America, N.A., as administrative agent and as a lender. Amendment No. 4 amends the Credit Agreement, among other things, by: expanding the ability of restricted subsidiaries to borrow under “Incremental Term Loans”; adding a new definition of “Working Capital” as used in “Excess Cash Flow”; revising the definitions of “Consolidated EBITDA” and “Consolidated Funded Indebtedness” to reflect the impact of an expected AECOM Capital disposition in the quarter ending June 30, 2017; and amending provisions relating to the Company’s ability to undertake certain internal restructuring steps to accommodate changes in tax laws. The foregoing description of Amendment No. 4 is qualified in its entirety by reference to the full text of Amendment No. 4, which is attached hereto as Exhibit 10.1, and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 herein is hereby incorporated in its entirety into Item 2.03 by reference.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits

10.1 Amendment No. 4 to Credit Agreement dated as of March 31, 2017, among the Company, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender, and an L/C Issuer.


About AECOM (NYSE:ACM)

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government. Its CS segment is engaged in construction services, including building construction and energy, infrastructure and industrial construction, primarily in the Americas. Its MS segment is engaged in programming and facilitating management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services, primarily for agencies of the United States government and other national governments.

AECOM (NYSE:ACM) Recent Trading Information

AECOM (NYSE:ACM) closed its last trading session up +0.38 at 35.39 with 1,511,612 shares trading hands.