Fluor Corporation Announces Adjustment of Conversion Rate for 1.5% Convertible Senior Notes Due 2024
March 4, 2015 | By Business Wire News
IRVING, Texas
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 37.0997 from 36.6729, effective March 4, 2015, 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 third quarter of 2013, which adjustments were carried forward as permitted under the indenture.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that designs and builds some of the world’s most complex projects. The company creates and delivers innovative solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With 40,000 employees worldwide, the company’s revenue for 2014 was $21.5 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.
Fluor Corporation
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