Infrastructure provider AECOM (NYSE:ACM) announced on Tuesday the commencement of a $1B private offering of senior unsecured notes due 2033.
The senior notes and related guarantees will be issued to qualified institutional buyers.
The net proceeds, together with cash on hand, are intended to be used to purchase the outstanding 5.125% senior notes due 2027.
Shares were -0.50% pre-market to $113.98.