AECOM announces the completion & final results of its cash tender offer for 5.875% Senior Notes due 2024 & 5.125% Senior Note...
July 21 2020 - 6:55AM
Business Wire
AECOM (NYSE:ACM), the world’s premier infrastructure firm, today
announced the completion and final results of its previously
announced cash tender offer (the “Offer”) to purchase for cash up
to $639 million in aggregate principal amount of its outstanding
5.875% Senior Notes due 2024 (the “2024 Notes”) and 5.125% Senior
Notes due 2027 (the “2027 Notes” and, together with the 2024 Notes,
the “Notes”). The Company has accepted for purchase $2,748,000
aggregate principal amount of the 2024 Notes and $2,707,000
aggregate principal amount of the 2027 Notes validly tendered and
not validly withdrawn pursuant to the Offer.
AECOM made the Offer at par to satisfy obligations under the
indentures governing the Notes relating to the use of certain cash
proceeds from AECOM’s previously announced disposition of its
Management Services business, which was completed on January 31,
2020.
The Offer expired immediately after 11:59 P.M., New York City
time, on July 16, 2020. The Company has accepted for purchase all
Notes validly tendered and not validly withdrawn pursuant to the
Offer, and such Notes will be paid for on July 21, 2020.
This press release does not constitute an offer to purchase
any security. No offer was or will be made in any jurisdiction in
which, or to or from any person to or from whom, it is unlawful to
make such offer. The Offer was only made pursuant to the terms of
the Offer to Purchase distributed to holders of Notes, which
describes the terms and conditions of the Offer.
About AECOM
AECOM (NYSE:ACM) is the world’s premier infrastructure firm,
delivering professional services across the project lifecycle –
from planning, design and engineering to consulting and
construction management. We partner with our clients in the public
and private sectors to solve their most complex challenges and
build legacies for generations to come. On projects spanning
transportation, buildings, water, governments, energy and the
environment, our teams are driven by a common purpose to deliver a
better world. AECOM is a Fortune 500 firm with revenue of
approximately $20.2 billion during fiscal year 2019. See how we
deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of
historical fact are “forward-looking statements” for purposes of
federal and state securities laws, including any statements of the
plans, strategies and objectives for future operations,
profitability, strategic value creation, coronavirus impacts, risk
profile and investment strategies, and any statements regarding
future economic conditions and performance, and the expected
financial and operational results of AECOM. Although we believe
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 our forward-looking
statements include, but are not limited to, the following: our
business is cyclical and vulnerable to economic downturns and
client spending reductions; impacts caused by the coronavirus and
the related economic instability and market volatility, including
the reaction of governments to the coronavirus, including any
prolonged period of travel, commercial or other similar
restrictions, the delay in commencement, or temporary or permanent
halting of construction, infrastructure or other projects,
requirements that we remove our employees or personnel from the
field for their protection, and delays in planned initiatives by
our governmental or commercial clients or potential clients; losses
under fixed-price contracts; limited control over operations run
through our joint venture entities; liability for misconduct by our
employees or consultants; failure to comply with laws or
regulations applicable to our business; maintaining adequate surety
and financial capacity; high leverage and potential inability to
service our debt and guarantees; exposure to Brexit; exposure to
political and economic risks in different countries; currency
exchange rate fluctuations; retaining and recruiting key technical
and management personnel; legal claims; inadequate insurance
coverage; environmental law compliance and adequate nuclear
indemnification; unexpected adjustments and cancellations related
to our backlog; partners and third parties who may fail to satisfy
their legal obligations; AECOM Capital real estate development
projects; managing pension cost; cybersecurity issues, IT outages
and data privacy; risks associated with the benefits and costs of
the Management Services transaction, including the risk that the
expected benefits of the Management Services transaction or any
contingent purchase price will not be realized within the expected
time frame, in full or at all; the risk that costs of restructuring
transactions and other costs incurred in connection with the
Management Services transaction will exceed our estimates or
otherwise adversely affect our business or operations; as well as
other additional risks and factors that could cause actual results
to differ materially from our forward-looking statements set forth
in our reports filed with the Securities and Exchange Commission.
Any forward-looking statements are made as of the date hereof. We
do not intend, and undertake no obligation, to update any
forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20200721005280/en/
Investor Contact: Will Gabrielski Senior Vice President,
Investor Relations 213.593.8208 William.Gabrielski@aecom.com
Media Contact: Brendan Ranson-Walsh Vice President,
Global Communications & Corporate Responsibility 213.996.2367
Brendan.Ranson-Walsh@aecom.com
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