Borrowing costs

Fluor extends and expands credit facility and links borrowing costs to future environmental, social and governance performance indicators

Fluor Corporation (NYSE:FLR) today announced that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. This facility includes an ESG-linked pricing option, which provides the opportunity to further reduce the company’s overall borrowing costs. These key performance indicators will be based on a future agreement with BNP Paribas and BofA Securities, Inc. as sustainability coordinators.

“One of the key goals that Fluor committed to at the January 2021 Strategy Day was to restore a solid financial footing for the business going forward,” said Joe Brennan, Fluor’s Chief Financial Officer. “This renewal and long-term expansion of Fluor’s credit facilities, together with the ability to reduce our funding costs by achieving certain ESG objectives, demonstrates the company’s success in achieving this strategic objective and illustrates the confidence of our banks in the future of Fluor. ”

This credit facility was entered into with a syndicate of lenders organized by BNP Paribas Securities Corp., BofA Securities Inc., Citibank, NA and Wells Fargo Securities, LLC as joint lead managers.

About Fluor Corporation

Fluor Corporation (NYSE:FLR) is building a better world by applying world-class expertise to solve its customers’ biggest challenges. Fluor’s 44,000 employees provide professional and technical solutions that help deliver safe, well-executed, and capital-efficient projects to clients around the world. Fluor had 2020 revenue of $14.2 billion and is ranked 196 among Fortune 500 companies. Headquartered in Irving, Texas, Fluor provides engineering, procurement and building for over 100 years. For more information, please visit or follow Fluor on Twitter, LinkedIn, Facebook and Youtube.