AECOM sets tender offer price for 5.125% senior notes at $1,008.76

DALLAS - Infrastructure firm AECOM (NYSE:ACM), a prominent player in the Construction & Engineering industry with a market capitalization of $14.9 billion, announced Monday that the total consideration for its cash tender offer for any and all of its 5.125% Senior Notes due 2027 has been set at $1,008.76 per $1,000 principal amount. According to InvestingPro analysis, the company maintains a moderate debt level with strong overall financial health.

The price was determined by reference to a fixed spread of 50 basis points plus the yield to December 15, 2026, based on the bid-side price of the U.S. Treasury 4.375% due December 15, 2026. This debt management initiative comes as AECOM maintains a debt-to-equity ratio of 1.38 and a healthy current ratio of 1.15.

In addition to the total consideration, AECOM will pay accrued and unpaid interest on purchased notes up to, but not including, July 22, 2025, which is the expected initial settlement date.

The tender offer expires today at 5:00 p.m., New York City time, unless extended or terminated earlier. Holders may withdraw their tenders any time at or prior to 5:00 p.m. today.

For notes delivered pursuant to guaranteed delivery procedures, the settlement date is expected to be July 24, 2025. Accrued interest will cease to accrue on the initial settlement date for all accepted notes.

AECOM has retained BofA Securities as the exclusive dealer manager for the tender offer, while D.F. King and Co., Inc. serves as the tender and information agent.

The outstanding principal amount of the notes subject to the tender offer is $997,293,000.

This information is based on a press release statement issued by AECOM. For deeper insights into AECOM’s debt management strategy and comprehensive financial analysis, including 10+ additional ProTips and detailed debt metrics, check out the full company research report available on InvestingPro.

In other recent news, AECOM has secured three architect-engineer contracts worth over $400 million from the U.S. Army Corps of Engineers Honolulu District. These contracts will involve providing architectural design, civil design, and environmental planning services across the Pacific region. AECOM has also been appointed as an ecosystem delivery partner for VolkerRail under Network Rail’s Southern Renewals Enterprise in the UK, where it will offer multidisciplinary design services. Additionally, AECOM has launched a $1 billion senior notes offering to refinance its debt, using the proceeds to purchase outstanding senior notes due in 2027. In Australia, AECOM has been named the technical advisor for VicGrid, a Victorian government agency, to support energy infrastructure development. KeyBanc has raised its price target for AECOM to $129, maintaining an Overweight rating, citing the company’s diversified market exposure. KeyBanc anticipates AECOM will continue to experience growth in domestic sectors like water/environment and infrastructure modernization. AECOM reported revenue of $16.1 billion in the fiscal year 2024, reflecting its broad range of professional services.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.