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UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the
Securities Exchange Act of 1934, as amended
Date of Report (Date of earliest event reported):
July 22, 2025
AECOM
(Exact name of registrant as specified in its charter)
Delaware |
|
001-52423 |
|
61-1088522 |
(State or other jurisdiction of incorporation) |
|
(Commission |
|
(IRS Employer |
|
|
File Number) |
|
Identification
No.) |
13355
Noel Road |
|
|
Dallas,
Texas |
|
75240 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s telephone number, including
area code (972) 788-1000
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered
pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, $0.01 par value |
|
ACM |
|
New York Stock Exchange |
Indicate by
check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item
1.01. Entry into a Material Definitive Agreement.
Indenture
On July 22, 2025, AECOM (the “Company”)
completed an offering of $1,200,000,000 aggregate principal amount of its 6.000% Senior Notes due 2033 (the “Notes”).
The Notes were sold in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the
Securities Act.
The Notes were issued pursuant to
an indenture, dated as of July 22, 2025 (the “Indenture”), by and among the Company, certain subsidiaries of the Company
party thereto and U.S. Bank Trust Company, National Association, as trustee. The Company used $752,585,310 of the net proceeds of the offering
of the Notes to purchase $732,914,000 in principal amount of the Company’s 5.125% Senior Notes due 2027 (the “2027 Notes”)
that were validly tendered and not validly withdrawn at or prior to the July 21, 2025 expiration date of its previously announced tender
offer for the 2027 Notes, and intends to use the remaining net proceeds to (i) purchase on July 24, 2025 any 2027 Notes for which a properly
completed and duly executed notice of guaranteed delivery was delivered at or prior to the tender offer expiration date, (ii) redeem on
August 14, 2025 any 2027 Notes not tendered in the tender offer, and (iii) pay related fees and expenses and for general corporate purposes.
Interest will be payable on the
Notes at a rate of 6.000% per annum. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, commencing
on February 1, 2026. The Notes will mature on August 1, 2033.
At any time and from time to
time prior to August 1, 2028, the Company may redeem all or part of the Notes, at a redemption price equal to 100% of their
principal amount, plus a “make whole” premium as of the redemption date, and accrued and unpaid interest to, but
excluding, the redemption date. In addition, at any time and from time to time prior to August 1, 2028, the Company may redeem up to
40% of the aggregate principal amount of the Notes with the proceeds of one or more qualified equity offerings, at a redemption
price equal to 106.000%, plus accrued and unpaid interest to, but excluding, the redemption date. Furthermore, at any time on or
after August 1, 2028, the Company may redeem on one or more occasions all or part of the Notes at the redemption prices set forth
below, plus accrued and unpaid interest thereon to, but excluding, the redemption date, if redeemed during the 12-month period
beginning on August 1 of each of the years indicated below:
Year | |
Percentage | |
2028 | |
| 103.000 | % |
2029 | |
| 101.500 | % |
2030 and thereafter | |
| 100.000 | % |
The Notes are guaranteed on a senior
unsecured basis by the Company’s existing and future domestic restricted subsidiaries that guarantee the indebtedness under the
Company’s credit agreement and certain other indebtedness.
The Indenture contains customary
events of default, including, among other things, payment default, failure to provide certain notices thereunder and certain provisions
related to bankruptcy events. The Indenture also contains customary negative covenants.
The Notes have not been registered
under the Securities Act, or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer,
solicitation or sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
The description of the Indenture and the Notes
in this Current Report on Form 8-K is a summary and is qualified in its entirety by reference to the text of the Indenture and the form
of Note, which are filed as Exhibits 4.1 and 4.2, respectively, hereto and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
The information required to be
disclosed pursuant to this Item 2.03 in connection with the matters described under Item 1.01 of this Current Report on Form 8-K is incorporated
by reference therefrom herein.
Item 9.01. Financial Statements and Exhibits.
(d) List of Exhibits.
Exhibit
No. |
|
Description |
|
|
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4.1 |
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Indenture, dated as of July 22, 2025, by and among AECOM, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee. |
|
|
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4.2 |
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Form of 2033 Note (included in Exhibit 4.1 above). |
|
|
|
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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AECOM |
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Dated: July 22, 2025 |
By: |
/s/ David Y. Gan |
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David Y. Gan |
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Executive Vice President, Chief Legal Officer |