secwatch.observer — SEC 8-K summary
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Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001104659-23-090465
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor issues $575M 1.125% convertible notes due 2029 to repurchase 2024 notes
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- $575M aggregate principal (including $75M option exercise) of 1.125% Convertible Senior Notes due Aug 15, 2029.
- Initial conversion rate 22.0420 shares per $1,000 principal (~$45.37/share); capped call transactions cost $72.5M to mitigate dilution.
- Net proceeds ~$559.4M; portion funds capped call, remainder to repurchase outstanding 2024 Senior Notes via tender offer.
- Credit agreement amended to permit the note issuance and capped call transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000110465923090465/0001104659-23-090465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000110465923090465/tm2323493d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-090465

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