Press release from Business Wire
Fluor Announces Adjustment of Conversion Rate for 1.5% Convertible Senior Notes Due 2024
Thursday, June 06, 2013
Fluor Announces Adjustment of Conversion Rate for 1.5% Convertible Senior Notes Due 202418:45 EDT Thursday, June 06, 2013
IRVING, Texas (Business Wire) -- Fluor Corporation (NYSE: FLR) announced today that the conversion rate applicable to its outstanding 1.5% Convertible Senior Notes due 2024 has been adjusted to 36.6729 from 36.2815, effective June 4, 2013, subject to further adjustment as provided in the governing indenture. The adjustment has been made pursuant to the terms of the indenture as a result of the company's recognition of postponed adjustments relating to cash dividends paid since the second quarter of 2011, which adjustments were carried forward as permitted under the indenture.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 40,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com.
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222