According to an 8K filed with the SEC, Bank of America served as administrative agent for an amendment to AECOM’s existing senior credit facilities. The amendment extends the maturity of the facilities to 2026 and reduces the company’s borrowing costs, which is aligned with the needs of the professional services business. The amended facilities consist of a $1.15 billion revolving credit facility and a $247 million term loan A U.S. facility.
In addition, the facility includes incentives linked to achieving certain sustainability and diversity and inclusion goals. These measures include:
- Reducing greenhouse gas emissions at a rate that is consistent with AECOM’s previously announced science-based targets, which align with the target reductions included in the Paris Agreement
- A continued increase in the percentage of women in the organization to further promote inclusion and diversity.
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“A key component of our ‘Think and Act Globally’ is extending our position as a leading ESG firm, and I am proud that we are one of the earliest companies in the U.S. to take action by linking our cost of capital to our sustainability and diversity and inclusion objectives,’’ Troy Rudd, CEO of AECOM, said. “We have made tremendous progress on our initiatives to advance the sustainability of our operations and foster equity, diversity and inclusion in all elements of our business. Our teams are energized by and aligned on the opportunity to take our efforts further, and I am excited by the potential of what we can achieve as leaders in ESG.”
AECOM is an infrastructure consulting firm.
