secwatch.observer — SEC 8-K summary
======================================

Issuer:     FLUOR CORP (FLR)
CIK:        0001124198
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001628280-22-003033
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fluor amends credit facility to $1.8B, extends maturity to Feb. 2025
--------------------------------------------------------------------

- Third Amended and Restated Revolving Loan and Letter of Credit Facility upsized from $1.65B to $1.8B.
- Maturity date extended to February 17, 2025, three years from the closing date.
- Debt-to-capitalization ratio covenant: cannot exceed 0.60 to 1.00.
- Minimum liquidity requirement of $1.25B, reducible to $1.0B upon debt repayment.
- Subsidiary debt limited to the greater of $750M or €750M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124198/000162828022003033/0001628280-22-003033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124198/000162828022003033/flr-20220217.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-003033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer