SEC Filings

8-K
AECOM filed this Form 8-K on 03/14/2018
Entire Document
 

 

7.10        Use of Proceeds.  Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, except in each case pursuant to a Permitted Capital Stock Buyback.

 

7.11        Financial Covenants.

 

(a)           Consolidated Interest Coverage Ratio.  Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Company (beginning with the end of the first full fiscal quarter following the quarter in which the Closing Date occurs (the “First Test Date”)) to be less than 3.00 to 1.00.

 

(b)           Consolidated Leverage Ratio.  Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Company set forth below to be greater than the ratio set forth below opposite such period, beginning with the First Test Date:

 

Four Fiscal Quarters Ending

 

Maximum
Consolidated
Leverage Ratio

First Test Date through June 30, 2015

 

5.50 to 1.00

September 30, 2015 and December 31, 2015

 

5.25 to 1.00

March 31, 2016 through and including December 31, 2016

 

5.00 to 1.00

March 31, 2017 and June 30, 2017

 

4.75 to 1.00

September 30, 2017 through and including September 30, 2019

 

4.50 to 1.00

Each fiscal quarter thereafter

 

4.00 to 1.00

 

The provisions of this Section 7.11 are for the benefit of the Term A US Lenders, the Term A AUD Lenders, the Term A CAD Lenders and the Revolving Credit Lenders only, as provided in Section 8.01(b).

 

7.12        Sanctions.  Use the proceeds of any Credit Extension, or make available such proceeds to any Subsidiary, or, to the Company’s knowledge, any joint venture partner or other individual or entity, to fund any activities of or business with any individual or entity, or in any country, region or territory, that, at the time of such funding, is the target of Sanctions, except to the extent licensed by OFAC or otherwise authorized under U.S. law.

 

7.13        Changes in Fiscal Year.  Make any change in fiscal year, except for changes of acquired entities to conform with the Company’s fiscal year.

 

7.14        Anti-Corruption Laws.  Directly or indirectly use the proceeds of any Credit Extension for any purpose which would breach applicable Anti-Corruption Laws.

 

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