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AECOM Amends Syndicated Credit Agreement, Secures New Facilities

Story Highlights
  • AECOM refinanced its core bank facilities on March 10, 2026, securing new revolving and term loans with extended maturities and a total size of $2.95 billion.
  • The amended credit agreement introduces leverage-linked and sustainability-linked pricing, maintains a 4.0x leverage cap, and preserves strong lender protections through covenants, guarantees, and collateral.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AECOM Amends Syndicated Credit Agreement, Secures New Facilities

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Aecom Technology ( (ACM) ) just unveiled an update.

On March 10, 2026, AECOM amended its long-standing syndicated credit agreement, securing a new $1.5 billion revolving credit facility, a $950 million term loan A and a $500 million term loan B, which together replace and refinance its prior revolving and term loan facilities. The revolving and term loan A facilities now mature on March 10, 2031, extending their tenor by two years, while the term loan B maturity remains April 19, 2031, with pricing tied to AECOM’s leverage ratio and slightly reduced margins on the term loan B, and the package includes sustainability-linked adjustments, customary covenants, and collateral and guarantee structures that reinforce lenders’ protections and formalize leverage limits for the company.

Borrowings under the new facilities can be made in U.S. dollars and certain foreign currencies, with interest based on SOFR or applicable base and reference rates plus leverage-dependent margins, and an unused commitment fee on the revolving facility. The credit agreement imposes standard negative and affirmative covenants, including a consolidated leverage ratio cap of 4.00 to 1.00, along with traditional events of default that could trigger acceleration and collateral remedies, underscoring a disciplined capital structure framework as AECOM extends and slightly improves the terms of its core bank financing.

The most recent analyst rating on (ACM) stock is a Hold with a $101.00 price target. To see the full list of analyst forecasts on Aecom Technology stock, see the ACM Stock Forecast page.

Spark’s Take on ACM Stock

According to Spark, TipRanks’ AI Analyst, ACM is a Neutral.

The score reflects solid underlying financial performance and a notably strong, guidance-raising earnings update with record backlog/pipeline and margin expansion. These positives are tempered by a weaker longer-term technical trend and a demanding valuation (high P/E with only a modest dividend yield), keeping the overall score in the mid-range.

To see Spark’s full report on ACM stock, click here.

More about Aecom Technology

AECOM Technology is a global infrastructure consulting and engineering firm that provides planning, design, engineering, program management, and construction management services. The company focuses on large-scale transportation, environmental, and infrastructure projects for public- and private-sector clients worldwide, often relying on sizable syndicated credit facilities to support its operations and growth.

Average Trading Volume: 1,541,674

Technical Sentiment Signal: Hold

Current Market Cap: $12.16B

For a thorough assessment of ACM stock, go to TipRanks’ Stock Analysis page.

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