AECOM Secures $500M Revolving Credit Facility, Bolstering Liquidity Through 2028
ACM is trading near its 52-week low of $67.64 (2.9% above the low).
Summary
AECOM has secured a new $500 million secured revolving credit facility, maturing in June 2028, led by Bank of America. This facility significantly enhances the company's liquidity and financial flexibility, providing a substantial capital buffer. It follows the company's strong second-quarter fiscal 2026 results and increased share repurchase program, further solidifying its financial position. The facility includes customary covenants and bears interest at SOFR plus 1.125%–2.00%.
At the time of this announcement, ACM was trading at $69.59 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $67.64 to $135.52. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.