AECOM 8-K

What Happened

• AECOM Holdings Inc. filed an 8-K on June 11, 2026 reporting that on June 10, 2026 it entered into a $500 million Revolving Credit Agreement with Bank of America, N.A. as Administrative Agent and swing line lender. As of June 10, 2026 there were no borrowings outstanding under the facility.

Key Details

• Amount & parties: $500 million revolving credit facility dated June 10, 2026, with Bank of America, N.A. as Administrative Agent and the lenders party to the agreement.
• Maturity and availability: Scheduled maturity date of June 9, 2028; no outstanding borrowings as of the signing date.
• Pricing & fees: Borrowings bear interest at either (a) SOFR (0% floor) + margin 1.125%–2.00% or (b) base rate (0% floor) + margin 0.125%–1.00%, with the actual margin tied to AECOM’s consolidated leverage ratio; unused commitment fee of 0.15%–0.30% (also leverage-dependent).
• Security, guarantees & covenants: Obligations are guaranteed by certain AECOM subsidiaries and secured by a lien on substantially all assets (subject to exceptions). The agreement includes customary covenants and a required consolidated leverage ratio of ≤4.00x (quarterly test), plus standard events of default that could lead to acceleration and enforcement of collateral remedies.

Why It Matters

• This facility provides AECOM with near-term liquidity and a financing backstop through mid‑2028, which can support working capital, short-term funding needs, or acquisitions subject to the credit terms. The cost of borrowing and unused-commitment fees depend on AECOM’s leverage, so credit metrics will directly affect financing cost. Because the facility is secured and includes customary covenants and default provisions, it may limit certain corporate actions and gives lenders remedies if covenants are breached. The full credit agreement is filed as Exhibit 10.1 to the 8-K.