Fluor Expands Credit Facility and Links Borrowing Costs to Future ESG indicators
February 17th, 2022 Fluor announced that it has increased its credit facility to $1.8 billion and extended the maturity to February 2025. Fluor anticipates that this increase will help the company re-establish its financial footing in the years to come by establishing and reaching ESG goals. This credit facility was entered into with a syndicate of lenders arranged by BNP Paribas Securities Corp., with whom Fluor hopes to secure future agreements.
ESG|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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