AECOM Announces Pricing of US $1 Billion in Senior Unsecured Notes Due 2027
February 15 2017 - 05:37PM
Business Wire
AECOM (NYSE: ACM), a premier, fully integrated global
infrastructure firm, announced today the pricing of its offering of
US $1 billion in aggregate principal amount of its senior notes due
2027 (the “senior notes”). The senior notes will pay interest
semiannually at a rate of 5.125% and will mature on March 15, 2027,
unless earlier redeemed in accordance with their terms. The senior
notes will be guaranteed by certain of the Company’s subsidiaries.
AECOM expects to close the sale of the senior notes on or about
February 21, 2017, subject to the satisfaction of customary closing
conditions.
AECOM intends to use the net proceeds from the sale of the
senior notes to repay a portion of the outstanding indebtedness
under its senior secured credit facilities, to pay related fees and
expenses and for general corporate purposes.
The senior notes will be issued in a private offering to persons
reasonably believed to be qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and to non-U.S. persons in offshore transactions
in reliance on Regulation S under the Securities Act.
Any offer of the senior notes will be made only by means of a
private offering memorandum. The senior notes are not being
registered under the Securities Act, or the securities laws of any
other jurisdiction, and, unless so registered, may not be offered
or sold in the United States without registration or an applicable
exemption from registration requirements.
About AECOM
AECOM is a leading fully integrated firm positioned to design,
build, finance and operate infrastructure assets for governments,
businesses and organizations in more than 150 countries. AECOM
provides planning, consulting, architectural and engineering design
services to commercial and government clients worldwide in major
end markets such as transportation, facilities, environmental,
energy, water and government markets. AECOM also provide
construction services, including building construction and energy,
infrastructure and industrial construction. In addition, AECOM
provides program and facilities management and maintenance,
training, logistics, consulting, technical assistance, and systems
integration and information technology services, primarily for
agencies of the U.S. government and also for national governments
around the world.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release other than statements of
historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including any projections of
earnings, statements of plans for future operations or activities
and the intended use of proceeds from the offering of the senior
notes. Although AECOM believes that the expectations reflected in
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements.
Important factors that could cause our actual results,
performance and achievements, or industry results to differ
materially from estimates or projections contained in these
forward-looking statements include, but are not limited to, the
following: AECOM’s business is cyclical and vulnerable to economic
downturns and client spending reductions; uncertainties related to
government contract appropriations; Budget Control Act of 2011;
governmental agencies may modify, curtail or terminate AECOM’s
contracts; government contracts are subject to audits and
adjustments of contractual terms; Brexit; losses under fixed-price
contracts; limited control over operations run through AECOM’s
joint venture entities; misconduct by AECOM’s employees or
consultants or the failure to comply with laws or regulations
applicable to our business; AECOM’s leveraged position and ability
to service its debt; the use of proceeds raised in the offering of
the senior notes; the ability to maintain surety and financial
capacity; exposure to legal, political and economic risks in
different countries, as well as currency exchange rate
fluctuations; the failure to retain and recruit key technical and
management personnel; AECOM’s insurance policies may not provide
adequate coverage; unexpected adjustments and cancellations related
to our backlog; dependence on third party contractors who fail to
satisfy their obligations; systems and information technology
interruption; and changing client preferences/demands, fiscal
positions and payment patterns. Additional factors that could cause
actual results to differ materially from these forward-looking
statements are set forth in AECOM’s reports filed with the
Securities and Exchange Commission. AECOM does not intend, and
undertakes no obligation, to update any forward-looking
statement.
This communication and the information contained herein shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, including the senior notes, nor shall there be
any sale of securities, including the senior notes, in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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version on businesswire.com: http://www.businesswire.com/news/home/20170215006361/en/
AECOMMedia:Brendan Ranson-Walsh, 212-739-7212VP,
Externals
Communicationsbrendan.ranson-walsh@aecom.comorInvestors:Will
Gabrielski, 213-593-8208VP, Investor
Relationswilliam.gabrielski@aecom.com
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