Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

FLUOR CORPORATION

(FLR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Fluor Announces Early Results and Increase in Total Maximum Amount for Cash Tender Offer

09/15/2021 | 08:30am EDT

Fluor Corporation announced the early results of the previously announced offer to purchase for cash the notes listed in the table below for an aggregate purchase price, excluding accrued interest, of up to $400,000,000, subject to the terms and conditions of the Offer set forth in the Offer to Purchase dated August 31, 2021. Additionally, Fluor announced that it has amended the Offer by increasing the maximum aggregate purchase price, excluding accrued interest, it will accept in the Offer from $400,000,000 to $500,000,000 and will increase the maximum aggregate purchase price, excluding accrued interest, of 2024 Notes that it will accept in the Offer from $100,000,000 to $114,028,440. All other terms of the previously announced Offer remain unchanged. Acceptance of Notes with respect to the Total Maximum Amount has been determined by reference to an FX rate of EUR 1 = USD 1.1827. Capitalized terms used in this announcement but not defined have the meaning given to them in the Offer to Purchase. Title of Security: 1.750% Senior Notes due 2023 (the “2023 Notes”): €488.000 million Outstanding Principal Amount; Principal Amount Tendered: €318,483,000; Total Consideration: €1,024.69. Title of Security: 3.500% Senior Notes due 2024 (the “2024 Notes”); $488.588 million Outstanding Principal Amount; 2024 Notes Maximum Amount: $114,028,440; Principal Amount Tendered: $165,114,000; Principal Amount Accepted: $107,574,000; Total Consideration: $1,060.00. Since tenders of the Notes exceeded the Total Maximum Amount, the Company is accepting 2024 Notes only on a prorated basis. The aggregate principal amount of each Holder’s validly tendered 2024 Notes accepted was determined by multiplying the aggregate principal amount of 2024 Notes validly tendered by such Holder by a proration factor of approximately 65.64%, and subject to the rounding and further scaling provisions set forth in the Offer to Purchase. 2023 Notes validly tendered at or prior to the Early Tender Time will be accepted in full without proration. All Notes validly tendered at or prior to the Early Tender Time and accepted for purchase will be purchased by the Company on the “Early Settlement Date,” which is expected to occur on September 16, 2021. Payment for the Notes that are purchased will include accrued and unpaid interest on such Notes, rounded to the nearest cent per €1,000 principal amount of 2023 Notes or per $1,000 principal amount of 2024 Notes, from the last interest payment date up to, but not including, the Early Settlement Date. The Offer is scheduled to expire at 11:59 p.m., New York City Time on September 28, 2021. Withdrawal rights expired at 5:00 p.m., New York City Time, on September 14, 2021. Notes that have been tendered may no longer be withdrawn. Since tenders of the Notes exceeded the Total Maximum Amount, no additional Notes which are tendered after the Early Tender Time and prior to the Expiration Time will be accepted for purchase.


ę S&P Capital IQ 2021
All news about FLUOR CORPORATION
10/06FLUOR CORPORATION : to Hold Third Quarter Earnings Conference Call
BU
10/05Credit Suisse Tweaks Estimates, Price Targets for 17 Names Under US Machinery, Engineer..
MT
10/05FLUOR : Credit Suisse Adjusts Fluor PT to $20 from $21, Keeps Neutral Rating
MT
09/15FLUOR : ANNOUNCES EARLY RESULTS AND INCREASE IN TOTAL MAXIMUM AMOUNT FOR CASH TENDER OFFER..
PU
09/15FLUOR CORP : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
09/15FLUOR : Announces Early Results and Increase in Total Maximum Amount for Cash Tender Offer
BU
09/15Fluor Announces Early Results and Increase in Total Maximum Amount for Cash Tender Offe..
CI
08/31FLUOR : Announces Cash Tender Offer for Senior Notes of up to $400 Million
MT
08/31FLUOR : ANNOUNCES CASH TENDER OFFER (Form 8-K)
PU
08/31FLUOR CORP : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
More news
Analyst Recommendations on FLUOR CORPORATION
More recommendations
Financials (USD)
Sales 2021 12 473 M - -
Net income 2021 -51,3 M - -
Net cash 2021 1 106 M - -
P/E ratio 2021 -42,2x
Yield 2021 0,25%
Capitalization 2 620 M 2 620 M -
EV / Sales 2021 0,12x
EV / Sales 2022 0,14x
Nbr of Employees 43 717
Free-Float 98,2%
Chart FLUOR CORPORATION
Duration : Period :
Fluor Corporation Technical Analysis Chart | FLR | US3434121022 | MarketScreener
Technical analysis trends FLUOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 18,53 $
Average target price 19,36 $
Spread / Average Target 4,46%
EPS Revisions
Managers and Directors
David Edward Constable Chief Executive Officer & Director
Joseph L. Brennan Chief Financial Officer & Executive Vice President
Alan Lee Boeckmann Executive Chairman
Robert C. Taylor Chief Information Officer & Senior Vice President
Rosemary T. Berkery Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FLUOR CORPORATION16.03%2 620
VINCI11.57%60 636
LARSEN & TOUBRO LIMITED39.12%33 562
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED-4.83%31 077
FERROVIAL, S.A.20.27%23 223
CHINA RAILWAY GROUP LIMITED2.09%19 303