Fluor Corporation Announces Adjustment of Conversion Rate for 1.5% Convertible Senior Notes Due 2024
March 04 2015 - 11:39AM
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 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 CorporationMedia Relations:Brian Mershon,
469-398-7621orEric Krantz, 281-263-6030orInvestor Relations:Ken
Lockwood, 469-398-7220orJason Landkamer, 469-398-7222
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