By Lisa Kerner
Charlotte, N.C., July 1 - Aecom Technology Corp. entered into a note purchase agreement to place $175 million of 5.43% senior notes, series A, due July 7, 2020 and $125 million of 1% senior discount notes, series B, due July 7, 2022, according to an 8-K filed with the Securities and Exchange Commission.
Aecom will pay interest quarterly on Jan. 7, April 7, July 7 and Oct. 7.
The notes have a make-whole call at Treasuries plus 50 basis points.
The closing date is Wednesday.
Proceeds will be used to repay existing debt and for general corporate purposes, including acquisitions.
Purchasers include Midland National Life Insurance Co., North American Co. for Life and Health Insurance, Horace Mann Life Insurance Co., Wilton Reassurance Co., Texas Life Insurance Co. and Security Benefit Life Co.
Los Angeles-based Aecom provides professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government.
| Issuer: | Aecom Technology Corp.
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Call option: | Make-whole at Treasuries plus 50 bps
|
| Pricing date: | June 28
|
| Settlement date: | July 7
|
| Distribution: | Private placement
|
|
|
| Series A
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| Amount: | $175 million
|
| Maturity: | July 7, 2020
|
| Coupon: | 5.43%
|
|
|
| Series B
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| Amount: | $125 million
|
| Maturity: | July 7, 2022
|
| Coupon: | 1%
|
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