---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-088610"
form_type: "8-K"
ticker: "FLR"
cik: "0001124198"
company_name: "FLUOR CORP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T00:37:51.232668+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fluor prices $500M of 1.125% convertible senior notes due 2029; proceeds for capped calls and 2024 note tender

## Summary
- $500M principal of 1.125% convertible senior notes due 2029 priced; conversion premium ~32.5% (~$45.37/shr).
- Initial purchasers have option for up to $75M additional notes; settlement expected Aug 10, 2023.
- Net proceeds ~$486.3M ($559.4M if over-allotment exercised); used to fund capped call transactions & repurchase 2024 notes.
- Capped call transactions entered with option counterparties at initial cap price of $68.48/shr to mitigate dilution.
- Notes mature Aug 15, 2029; interest payable semi-annually; Fluor may redeem on/after Aug 20, 2026 under certain conditions.

## SEC filing metadata
- accession: 0001104659-23-088610
- form_type: 8-K
- ticker: FLR
- cik: 0001124198
- company_name: FLUOR CORP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1124198/000110465923088610/0001104659-23-088610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1124198/000110465923088610/tm2322980d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-088610
- JSON: https://secwatch.observer/filing/0001104659-23-088610.json
- Plain text: https://secwatch.observer/filing/0001104659-23-088610.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.