Exhibit 10.2

 

SECOND AMENDMENT TO
SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of June 25, 2010, is entered into by and among AECOM
Technology Corporation, a Delaware corporation (the “Company”), the several
financial institutions identified on the signature pages hereto (hereinafter
collectively referred to as the “Lenders” and individually as a “Lender”), Bank
of America, N.A., as administrative agent (in such capacity, the “Administrative
Agent”) and swing line lender (in such capacity, the “Swing Line Lender”), and
Union Bank of California, N.A., Wells Fargo Bank, N.A., BMO Capital Markets
Financing, Inc., and BNP Paribas, in their respective capacities as a
syndication agent (each, a “Syndication Agent” and collectively, the
“Syndication Agents”), with reference to the following facts:

 

RECITALS

 

A.          The Company, the Lenders, the Administrative Agent, the Swing Line
Lender and the Syndication Agents are parties to the Second Amended and Restated
Credit Agreement, dated as of August 31, 2007, as amended by the First Amendment
to Amended and Restated Credit Agreement, dated as of December 31, 2007
(collectively, the “Credit Agreement”), pursuant to which the Lenders provide a
revolving credit facility to the Company of up to $600,000,000.

 

B.           The Company proposes to issue up to $175,000,000 aggregate
principal amount of its 5.43% Senior Notes, Due 2020 and up to $125,267,915
aggregate principal amount of its 5.62% Senior Discount Notes, Series B Notes
Due 2022 (collectively, the “2010 Private Notes”).

 

C.           The Company anticipates that purchasers of the 2010 Private Notes
will require that the Subsidiary Guarantors guarantee the Indebtedness of the
Company under such notes (collectively, the “Private Note Guaranties”) and that
such notes benefit from a negative pledge.

 

D.          While the issuance of the Private Notes themselves is permitted
under Section 8.02(q) of the Credit Agreement and Contingent Obligations of
otherwise permissible Subsidiary Indebtedness is permitted under
Section 8.02(l) of the Credit Agreement, the Private Note Guaranties are
currently regulated by the limitations set forth in Section 8.02(o) of the
Credit Agreement, which would be insufficient to accommodate the Private Note
Guaranties and future growth for other operational needs.

 

E.           The Company has requested that the Majority Lenders provide the
following accommodations under the Credit Agreement in connection with the
proposed 2010 Private Notes and Private Note Guaranties:

 

(i)            consent to the execution and delivery of the Private Note
Guaranties by such Subsidiaries of the Company as are necessary to facilitate
the issuance of the

 

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2010 Private Notes (collectively, the “Required Private Note Guarantors”)
without counting the Contingent Obligations of the Required Private Note
Guarantors under the Private Note Guaranties toward the dollar limitation on
Indebtedness and Contingent Obligations incurred by the Company and its
Subsidiaries outside the Credit Agreement which is set forth in
Section 8.02(o) of the Credit Agreement; and

 

(ii)           amend Section 8.02(l) of the Credit Agreement to allow guaranties
by Subsidiaries of Indebtedness issued by the Company that is permitted under
Section 8.02 of the Credit Agreement.

 

F.           The Company also requests that the Majority Lenders agree to amend
the definition of “Lien” set forth in Section 1.01 of the Credit Agreement to
exclude negative pledges, so that negative pledges, and any agreement to grant
Liens (as opposed to the actual grant of such Lien), are no longer restricted
under the negative covenant relating to Liens set forth in Section 8.01 of the
Credit Agreement.

 

G.           The Majority Lenders are willing to grant such accommodations and
agree to such amendments as set forth below.

 

NOW, THEREFORE, the parties hereby agree as follows:

 

1.           Defined Terms.  Any and all initially-capitalized terms used in
this Amendment (including, without limitation, in the recitals to this
Amendment) without definition shall have the respective meanings assigned
thereto in the Credit Agreement.

 

2.           Consent to Private Note Guaranties; Exclusion of Private Note
Guaranties from Limitation on Contingent Obligations of Subsidiaries.  Subject
to the terms and conditions of this Amendment, the Majority Lenders hereby
consent to the execution and delivery of Private Note Guaranties by the Required
Private Note Guarantors and agree that the Contingent Obligations of the
Required Private Note Guarantors under the Private Note Guaranties shall not
count toward the dollar limitation on Indebtedness and Contingent Obligations
under Section 8.02(o) of the Credit Agreement.

 

3.           Amendment to Definition of “Liens.”  Section 1.01 of the Credit
Agreement is hereby amended such that the definition of “Lien” shall read in
full as follows:

 

“Lien” means any lien, mortgage, pledge, security interest, charge or
encumbrance of any kind (including any conditional sale or other title retention
agreement or any lease in the nature thereof).

 

4.           Amendments to Indebtedness Negative Covenant.  Section 8.02(l) of
the Credit Agreement is hereby amended and restated in its entirety to read in
full as follows:

 

(l)            Contingent Obligations incurred by the Company or any Subsidiary
with respect to Indebtedness of the Company or any other Subsidiary which is
permitted to be incurred by the Company or such Subsidiary under this
Section 8.02;

 

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5.           Conditions Precedent.  The effectiveness of this Amendment shall be
subject to the satisfaction of each of the following conditions:

 

(i)            This Amendment.  The Administrative Agent shall have received
this Amendment, duly executed by the Company and the Majority Lenders;

 

(ii)           Acknowledgement of Guarantors.  Each of the Guarantors shall have
executed the Acknowledgement of Guarantors attached to the end of this
Amendment; and

 

(iii)          Amendment to Foreign Subsidiary Credit Agreement.  The
Administrative Agent shall have received a conforming amendment to the Foreign
Subsidiary Credit Agreement, duly executed by the Borrowers and the Majority
Lenders under (and as defined in) the Foreign Subsidiary Credit Agreement.

 

6.           Reaffirmation and Ratification.  The Company hereby reaffirms,
ratifies and confirms its Obligations under the Credit Agreement and
acknowledges that all of the terms and conditions of the Credit Agreement, as
amended hereby, remain in full force and effect.

 

7.           Events of Default.  After giving effect to this Amendment, the
Company is not aware of the occurrence of any Default or Event of Default under
the Credit Agreement.

 

8.           Integration.  This Amendment constitutes the entire agreement of
the parties in connection with the subject matter hereof and cannot be changed
or terminated orally.  All prior agreements, understandings, representations,
warranties and negotiations regarding the subject matter hereof, if any, are
merged into this Amendment.

 

9.           Counterparts.  This Amendment may be executed in multiple
counterparts, each of which when so executed and delivered shall be deemed an
original, and all of which, taken together, shall constitute but one and the
same agreement.

 

10.         Governing Law.  This Amendment shall be governed by, and construed
and enforced in accordance with, the internal laws (as opposed to the conflicts
of law principles) of the State of New York.

 

[Rest of page intentionally left blank; signature pages follow]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their
respective duly authorized officers as of the date first above written.

 

 

AECOM TECHNOLOGY CORPORATION,

 

a Delaware corporation

 

 

 

 

 

By:

/s/ Eric Chen

 

Name:

Eric Chen

 

Title:

SVP, Corporate Finance

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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BANK OF AMERICA, N.A.,

 

as Administrative Agent

 

 

 

 

 

By:

/s/ G. Scott Lambert

 

Name:

G. Scott Lambert

 

Title:

Vice President

 

 

 

 

 

BANK OF AMERICA, N.A.,

 

as an Issuing Lender, the Swing Line Lender and a Lender

 

 

 

 

 

By:

/s/ Mathew Griesbach

 

Name:

Mathew Griesbach

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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UNION BANK, N.A. (formerly known as
Union Bank of California, N.A.),

 

as a Syndication Agent

 

 

 

 

 

By:

/s/ David J. Stassel

 

Name:

David J. Stassel

 

Title:

Vice President

 

 

 

 

 

UNION BANK, N.A. (formerly known as
Union Bank of California, N.A.),

 

as an Issuing Lender and a Lender

 

 

 

 

 

By:

/s/ David J. Stassel

 

Name:

David J. Stassel

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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WELLS FARGO BANK, N.A.,

 

as a Syndication Agent

 

 

 

 

 

By:

/s/ Vanessa Sheh Meyer

 

Name:

Vanessa Sheh Meyer

 

Title:

Senior Vice President

 

 

 

 

 

WELLS FARGO BANK, N.A.,

 

as a Lender

 

 

 

 

 

By:

/s/ Vanessa Sheh Meyer

 

Name:

Vanessa Sheh Meyer

 

Title:

Senior Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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BMO CAPITAL MARKETS FINANCING, INC.,
as a Syndication Agent and a Lender

 

 

 

 

 

By:

/s/ John Armstrong

 

Name:

John Armstrong

 

Title:

Director

 

 

 

 

 

HARRIS N.A., as an Issuing Lender

 

(solely with respect to Existing Letters of
Credit Issued by Harris N.A.)

 

 

 

 

 

By:

/s/ John Armstrong

 

Name:

John Armstrong

 

Title:

Director

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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BNP PARIBAS,

 

as a Syndication Agent

 

 

 

 

 

By:

/s/ Jamie Dillon

 

Name:

Jamie Dillon

 

Title:

Managing Director

 

 

 

 

 

By:

/s/ Mary Ann Wong

 

Name:

Mary Ann Wong

 

Title:

Vice President

 

 

 

 

 

BNP PARIBAS,

 

as an Issuing Lender and a Lender

 

 

 

 

 

By:

/s/ Jamie Dillon

 

Name:

Jamie Dillon

 

Title:

Managing Director

 

 

 

 

 

By:

/s/ Mary Ann Wong

 

Name:

Mary Ann Wong

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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HSBC BANK USA, NATIONAL ASSOCIATION,

 

as an Issuing Lender and a Lender

 

 

 

 

 

By:

/s/ Paul L. Hatton

 

Name:

Paul L. Hatton

 

Title:

Managing Director

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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SUMITOMO MITSUI BANKING CORPORATION,

 

as a Lender

 

 

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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U.S. BANK NATIONAL ASSOCIATION,

 

as a Lender

 

 

 

 

 

By:

/s/ John I. Paul

 

Name:

John I. Paul

 

Title:

Portfolio Manager

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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THE BANK OF NOVA SCOTIA,

 

as a Lender

 

 

 

 

 

By:

/s/ Patrik G. Norris

 

Name:

/s/ Patrik G. Norris

 

Title:

Director

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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BARCLAYS BANK PLC,

 

as a Lender

 

 

 

 

 

By:

 

 

Name:

 

 

Title:

 

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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JPMORGAN CHASE BANK, N.A.,

 

as a Lender

 

 

 

 

 

By:

/s/ Ling Li

 

Name:

Ling Li

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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COMERICA BANK,

 

as a Lender

 

 

 

 

 

By:

/s/ Don R. Carruth

 

Name:

Don R. Carruth

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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FORTIS CAPITAL CORP.,

 

as a Lender

 

 

 

 

 

By:

/s/ Melissa Balley

 

Name:

Melissa Balley

 

Title:

Vice President

 

 

 

 

 

By:

/s/ Jacqueline Douyon

 

Name:

Jacqueline Douyon

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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ARAB BANKING CORPORATION (B.S.C.),

 

as a Lender

 

 

 

 

 

By:

/s/ Robert J. Ivosevich

 

Name:

Robert J. Ivosevich

 

Title:

General Manager

 

 

 

 

 

ARAB BANKING CORPORATION (B.S.C.),

 

as a Lender

 

 

 

 

 

By:

/s/ Tony G. Berbal

 

Name:

Tony G. Berbal

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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THE NORTHERN TRUST COMPANY,

 

as a Lender

 

 

 

 

 

By:

/s/ Brandon Rolek

 

Name:

Brandon Rolek

 

Title:

Vice President

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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ACKNOWLEDGMENT OF GUARANTORS

 

The undersigned (collectively, the “Guarantors”) hereby acknowledge and agree to
the amendment of the Second Amended and Restated Credit Agreement (the “Credit
Agreement”) contained in the attached Second Amendment to Second Amended and
Restated Credit Agreement (the “Amendment”), acknowledge and reaffirm their
respective obligations owing to the Lenders under the Master Guaranty and
Intercreditor Agreement and any other Loan Documents to which they are parties,
and agree that the Master Guaranty and Intercreditor Agreement and such other
Loan Documents are and shall remain in full force and effect.  Although the
Guarantors have been informed of the matters set forth herein and have
acknowledged and agreed to the same, the Guarantors understand that neither the
Administrative Agent nor any Lender has any obligation to inform the Guarantors
of such matters in the future or to seek the Guarantors’ acknowledgement or
agreement to future amendments to the Credit Agreement, and nothing herein shall
create such a duty.

 

Dated: As of June 25, 2010

 

AECOM GLOBAL, INC.,
a Delaware corporation

 

AECOM GOVERNMENT SERVICES, INC.,
a Delaware corporation

 

AECOM SERVICES, INC. (formerly known as DMJM H&N, Inc.),
a California corporation

 

AECOM USA, INC. (formerly known as DMJM+Harris, Inc.),,
a New York corporation

 

AECOM TECHNICAL SERVICES, INC. (formerly known as Earth Tech, Inc.),
a California corporation

 

AECOM, INC. (formerly known as ENSR Corporation),
a Delaware corporation

 

 

By:

  /s/ Eric Chen

 

 

Eric Chen

 

 

Senior Vice President, Corporate

 

 

Finance and General Counsel

 

 

[Signature Page to Second Amendment to Second Amended and Restated Credit
Agreement]

 

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