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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 17, 2020

 

FLUOR CORPORATION

(Exact name of registrant as specified in its charter)

  

Delaware   001-16129   33-0927079
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer Identification
No.)

 

6700 Las Colinas Blvd.
Irving, Texas
  75039
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (469) 398-7000

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

  

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $.01 par value per share FLR New York Stock Exchange
Preferred Stock Purchase Rights FLR New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

  

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On September 17, 2020, Fluor Corporation (the “Corporation”) entered into Amendment No. 4 with the lenders under its (i) $1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement dated as of February 25, 2016 and (ii) $1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement dated as of February 25, 2016 (each, a “Current Facility,” and such amendments to each of the Current Facilities, the “Amendments”). The Amendments extend the deadline by which the Corporation is required to deliver to the lenders its unaudited financial statements for the first, second and third quarters of 2020 to no later than October 31, 2020, November 30, 2020 and December 31, 2020, respectively. In connection with the amendments, the Corporation paid customary fees to the lenders consenting to the Amendments. As of September 17, 2020, the Corporation has no amounts drawn on the revolving loans under the Current Facilities.

 

The foregoing description of the amendments made to the Current Facilities through the execution of the Amendments does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendments, copies of which are filed as exhibits to this Current Report on Form 8-K.

 

Item 7.01. Regulation FD Disclosure.

 

On September 17, 2020, the New York Stock Exchange (the “NYSE”) granted the Corporation an extension to January 15, 2021 to file its delayed periodic reports with the Securities and Exchange Commission to regain compliance with NYSE Listing Standards.

 

 

Item 9.01. Financial Statements and Exhibits.

 

(d)        Exhibits.

 

Exhibit
Number
  Description
10.1   Amendment No. 4, dated as of September 17, 2020, to $1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement dated as of February 25, 2016.
10.2   Amendment No. 4, dated as of September 17, 2020, to $1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement dated as of February 25, 2016.
104   Cover Page Interactive Data File, formatted in Inline XBRL, and included as Exhibit 101.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 21, 2020 FLUOR CORPORATION
     
  By: /s/John R. Reynolds
    John R. Reynolds
    Executive Vice President, Chief Legal Officer and Secretary

 

 

Exhibit 10.1

 

EXECUTION COPY

 

AMENDMENT NO. 4

 

Dated as of September 17, 2020

 

to

 

$1,800,000,000 AMENDED AND RESTATED REVOLVING LOAN

AND LETTER OF CREDIT FACILITY AGREEMENT

 

Dated as of February 25, 2016

 

THIS AMENDMENT NO. 4 (this “Amendment”) is made as of September 17, 2020 by and among Fluor Corporation, a Delaware corporation (the “Company”), Fluor B.V., a besloten vennootschap met beperkte aansprakelijkheid incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Haarlem, the Netherlands and registered with the Dutch Chamber of Commerce under number 34023348 (the “Dutch Borrower” and, together with the Company, the “Borrowers”), the financial institutions listed on the signature pages hereof and BNP Paribas, as Administrative Agent (the “Administrative Agent”), under that certain $1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement, dated as of February 25, 2016, by and among the Borrowers, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

 

WHEREAS, the Company has requested that the requisite Lenders and the Administrative Agent agree to certain amendments to the Credit Agreement;

 

WHEREAS, the Borrowers, the Lenders party hereto and the Administrative Agent have agreed to amend the Credit Agreement on the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment.

 

1.            Amendments to the Credit Agreement. Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below, the parties hereto agree that the Credit Agreement is hereby amended as follows:

 

(a)            Section 5.01(b) of the Credit Agreement is hereby restated in its entirety as follows:

 

 

 

“(b)     Quarterly Financial Statements. As soon as available and in any event within fifty-five (55) days after the end of each of the first three (3) quarters of each fiscal year of the Company, an unaudited consolidated balance sheet of the Company and its Consolidated Subsidiaries as of the end of such quarter and the related consolidated statements of earnings and cash flow for such quarter and for the portion of the Company’s fiscal year ended at the end of such quarter, as set forth in the Company’s quarterly report for the fiscal quarter then ended as filed with the SEC on Form 10-Q, all certified by the chief financial officer or the chief accounting officer of the Company that they are (i) complete and fairly present the financial condition of the Company and its Consolidated Subsidiaries as at the dates indicated and the results of their operations and changes in their cash flow for the periods indicated; (ii) disclose all liabilities of the Company and its Consolidated Subsidiaries that are required to be reflected or reserved against under GAAP, whether liquidated or unliquidated, fixed or contingent; and (iii) have been prepared in accordance with GAAP (subject to normal year-end adjustments) (provided that solely with respect to the Company’s (x) fiscal quarter ending on or about March 31, 2020 (the “Q1 10Q”), (y) fiscal quarter ending on or about June 30, 2020 (the “Q2 10Q”) and (z) fiscal quarter ending on or about September 30, 2020 (the “Q3 10Q”), in each case, it is understood and agreed that such financial statements and certificate required to be delivered pursuant to this Section 5.01(b) shall instead be required to be delivered by the Company on or prior to October 31, 2020 as it relates to the Q1 10Q, November 30, 2020 as it relates to the Q2 10Q and December 31, 2020 as it relates to the Q3 10Q);”

 

2.            Conditions of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that the Administrative Agent shall have received (i) counterparts of this Amendment duly executed by the Borrowers, the Required Lenders and the Administrative Agent, (ii) for the account of each Lender that delivers its executed signature page to this Amendment by no later than the date and time specified by the Administrative Agent, an amendment fee in an amount equal to the amount previously disclosed to the Lenders and (iii) payment and/or reimbursement of the Administrative Agent’s and its affiliates’ reasonable and documented out-of-pocket fees and expenses (including, to the extent invoiced, reasonable fees and expenses of counsel for the Administrative Agent) in connection with the Loan Documents.

 

3.            Representations and Warranties of the Borrowers. Each Borrower hereby represents and warrants as follows:

 

(a)            This Amendment and the Credit Agreement as modified hereby constitute legal, valid and binding obligations of such Borrower and are enforceable in accordance with their terms.

 

(b)            As of the date hereof and after giving effect to the terms of this Amendment, (i) no Default has occurred and is continuing, (ii) all representations and warranties of the Company contained in Article IV of the Credit Agreement (other than the representation and warranty of the Company contained in Section 4.04(b) of the Credit Agreement) are and shall be true (except that for purposes of this Section 3(b), the representations and warranties contained in Section 4.04(a) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Section 5.01(a) of the Credit Agreement); provided that the representations and warranties in Section 4.04(a) and Section 4.11 of the Credit Agreement are subject to and limited by the Company’s statements (x) contained in their Form 12b-25 filed on March 3, 2020, May 12, 2020 and August 11, 2020 and (y) contained solely under the heading “SEC Investigation and Form 10-K filing” in their Form 8-K filed on February 18, 2020, and (iii) no default or event of default under any project engineering, procurement, construction, maintenance and related activities and/or contracts of the Company or any of its Subsidiaries shall have occurred and be continuing which could reasonably be expected to materially and adversely affect the ability of any Borrower to perform its obligations under the Loan Documents.

 

4.            Reference to and Effect on the Credit Agreement.

 

(a)            Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as amended hereby.

 

2

 

 

(b)            Each Loan Document and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

 

(c)            The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement, the Loan Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith.

 

(d)            This Amendment is a Loan Document under (and as defined in) the Credit Agreement.

 

5.            Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

6.            Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

 

7.            Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed.pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.

 

[Signature Pages Follow]

 

3

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the day and year first above written.

 

  FLUOR CORPORATION,
  as the Company
     
  By: /s/ James M. Lucas
  Name: James M. Lucas
  Title: Senior Vice President & Treasurer
     
  FLUOR B.V.,
  as the Dutch Borrower
     
  By: /s/ M.J.H. Kuitems
  Name: M.J.H. Kuitems
  Title: Full Proxy Holder

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  BNP PARIBAS,
  as Administrative Agent, an Issuing Lender and individually as a Lender
     
  By: /s/ Pierre-Nicholas Rogers
  Name: Pierre-Nicholas Rogers
  Title: Managing Director
     
  By: /s/ Joseph Mack
  Name: Joseph Mack
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  BANK OF AMERICA, N.A.,
  as a Lender
     
  By: /s/ Thor O’Connell
  Name: Thor O’Connell
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  MUFG BANK, LTD. (formerly known as “THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.”),
  as an issuing Lender and individually as a Lender
     
  By: /s/ Samantha Schumacher
  Name: Samantha Schumacher
  Title: Authorized Signatory

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  CITIBANK, N.A.,
  as a Lender
     
  By: /s/ Millie Schild
  Name: Millie Schild
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  THE BANK OF NOVA SCOTIA,
  as a Lender
     
  By: /s/ Frans Brantiotis
  Name: Frans Brantiotis
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  CREDIT AGRICOLE CORPORATE & INVESTMENT BANK,
  as a Lender
     
  By: /s/ Andrew Sidford
  Name: Andrew Sidford
  Title: Managing Director
     
  By: /s/ Gordon Yip
  Name: Gordon Yip
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  ING BANK N.V., DUBLIN BRANCH,
  as a Lender
     
  By: /s/ Sean Hassett
  Name: Sean Hassett
  Title: Director
     
  By: /s/ Pádraig Matthews
  Name: Pádraig Matthews
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  LLOYDS BANK CORPORATE MARKETS PLC,
  as a Lender
     
  By: /s/ Tina Wong
  Name: Tina Wong
  Title: Assistant Vice President
     
  By: /s/ Kamala Basdeo
  Name: Kamala Basdeo
  Title: Assistant Vice President

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  STANDARD CHARTERED BANK,
  as a Lender
     
  By: /s/ James Beck
  Name: James Beck
  Title: Associate Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  SUMITOMO MITSUI BANKING CORPORATION,
  as a Lender
     
  By: /s/ Michael Maguire
  Name: Michael Maguire
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION,
  as a Lender
     
  By: /s/ Greg Strauss
  Name: Greg Strauss
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  BARCLAYS BANK PLC,
  as a Lender
     
  By: /s/ Patricia Oreta
  Name: Patricia Oreta
  Title: Director
     
  Executed in New York

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  HSBC BANK USA, NATIONAL ASSOCIATION,
  as a Lender
     
  By: /s/ Patrick D. Mueller
  Name: Patrick D. Mueller
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  U.S. BANK NATIONAL ASSOCIATION,
  as a Lender
     
  By: /s/ James Austin
  Name: James Austin
  Title: Sr. Vice President

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  GOLDMAN SACHS BANK USA,
  as a Lender
     
  By: /s/ Mahesh Mohan
  Name: Mahesh Mohan
  Title: Authorized Signatory

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  INTESA SANPAOLO S.P.A.,
  as a Lender
     
  By: /s/ Javier Richard Cook
  Name: Javier Richard Cook
  Title: Managing Director
     
  By: /s/ Jennifer Feldman Facciola
  Name: Jennifer Feldman Facciola
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  WESTPAC BANKING CORPORATION,
  as a Lender
     
  By: /s/ Richard Yarnold
  Name: Richard Yarnold
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,800,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

Exhibit 10.2

 

EXECUTION COPY

 

AMENDMENT NO. 4

 

Dated as of September 17, 2020

 

to

 

$1,700,000,000 AMENDED AND RESTATED REVOLVING LOAN

AND LETTER OF CREDIT FACILITY AGREEMENT

 

Dated as of February 25, 2016

 

THIS AMENDMENT NO. 4 (this “Amendment”) is made as of September 17, 2020 by and among Fluor Corporation, a Delaware corporation (the “Company”), Fluor B.V., a besloten vennootschap met beperkte aansprakelijkheid incorporated under the laws of the Netherlands having its corporate seat (statutaire zetel) in Haarlem, the Netherlands and registered with the Dutch Chamber of Commerce under number 34023348 (the “Dutch Borrower” and, together with the Company, the “Borrowers”), the financial institutions listed on the signature pages hereof and BNP Paribas, as Administrative Agent (the “Administrative Agent”), under that certain $1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement, dated as of February 25, 2016, by and among the Borrowers, the Lenders and the Administrative Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

 

WHEREAS, the Company has requested that the requisite Lenders and the Administrative Agent agree to certain amendments to the Credit Agreement;

 

WHEREAS, the Borrowers, the Lenders party hereto and the Administrative Agent have agreed to amend the Credit Agreement on the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment.

 

1.            Amendments to the Credit Agreement. Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below, the parties hereto agree that the Credit Agreement is hereby amended as follows:

 

(a)           Section 5.01(b) of the Credit Agreement is hereby restated in its entirety as follows:

 

“(b)      Quarterly Financial Statements. As soon as available and in any event within fifty-five (55) days after the end of each of the first three (3) quarters of each fiscal year of the Company, an unaudited consolidated balance sheet of the Company and its Consolidated Subsidiaries as of the end of such quarter and the related consolidated statements of earnings and cash flow for such quarter and for the portion of the Company’s fiscal year ended at the end of such quarter, as set forth in the Company’s quarterly report for the fiscal quarter then ended as filed with the SEC on Form 10-Q, all certified by the chief financial officer or the chief accounting officer of the Company that they are (i) complete and fairly present the financial condition of the Company and its Consolidated Subsidiaries as at the dates indicated and the results of their operations and changes in their cash flow for the periods indicated; (ii) disclose all liabilities of the Company and its Consolidated Subsidiaries that are required to be reflected or reserved against under GAAP, whether liquidated or unliquidated, fixed or contingent; and (iii) have been prepared in accordance with GAAP (subject to normal year-end adjustments) (provided that solely with respect to the Company’s (x) fiscal quarter ending on or about March 31, 2020 (the “Q1 10Q”), (y) fiscal quarter ending on or about June 30, 2020 (the “Q2 10Q”) and (z) fiscal quarter ending on or about September 30, 2020 (the “Q3 10Q”), in each case, it is understood and agreed that such financial statements and certificate required to be delivered pursuant to this Section 5.01(b) shall instead be required to be delivered by the Company on or prior to October 31, 2020 as it relates to the Q1 10Q, November 30, 2020 as it relates to the Q2 10Q and December 31, 2020 as it relates to the Q3 10Q);”

 

 

 

2.            Conditions of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that the Administrative Agent shall have received (i) counterparts of this Amendment duly executed by the Borrowers, the Required Lenders and the Administrative Agent, (ii) for the account of each Lender that delivers its executed signature page to this Amendment by no later than the date and time specified by the Administrative Agent, an amendment fee in an amount equal to the amount previously disclosed to the Lenders and (iii) payment and/or reimbursement of the Administrative Agent’s and its affiliates’ reasonable and documented out-of-pocket fees and expenses (including, to the extent invoiced, reasonable fees and expenses of counsel for the Administrative Agent) in connection with the Loan Documents.

 

3.            Representations and Warranties of the Borrowers. Each Borrower hereby represents and warrants as follows:

 

(a)           This Amendment and the Credit Agreement as modified hereby constitute legal, valid and binding obligations of such Borrower and are enforceable in accordance with their terms.

 

(b)           As of the date hereof and after giving effect to the terms of this Amendment, (i) no Default has occurred and is continuing, (ii) all representations and warranties of the Company contained in Article IV of the Credit Agreement (other than the representation and warranty of the Company contained in Section 4.04(b) of the Credit Agreement) are and shall be true (except that for purposes of this Section 3(b), the representations and warranties contained in Section 4.04(a) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Section 5.01(a) of the Credit Agreement); provided that the representations and warranties in Section 4.04(a) and Section 4.11 of the Credit Agreement are subject to and limited by the Company’s statements (x) contained in their Form 12b-25 filed on March 3, 2020, May 12, 2020 and August 11, 2020 and (y) contained solely under the heading “SEC Investigation and Form 10-K filing” in their Form 8-K filed on February 18, 2020, and (iii) no default or event of default under any project engineering, procurement, construction, maintenance and related activities and/or contracts of the Company or any of its Subsidiaries shall have occurred and be continuing which could reasonably be expected to materially and adversely affect the ability of any Borrower to perform its obligations under the Loan Documents.

 

4.            Reference to and Effect on the Credit Agreement.

 

(a)           Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as amended hereby.

 

2

 

 

(b)          Each Loan Document and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

 

(c)          The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement, the Loan Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith.

 

(d)          This Amendment is a Loan Document under (and as defined in) the Credit Agreement.

 

5.            Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

6.            Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

 

7.            Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telecopy, e-mailed.pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.

 

[Signature Pages Follow]

 

3

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized officers as of the day and year first above written.

 

  FLUOR CORPORATION,
  as the Company
   
   
  By: /s/ James M. Lucas
  Name: James M. Lucas
  Title: Senior Vice President & Treasurer
   
   
  FLUOR B.V.,
  as the Dutch Borrower
   
   
  By: /s/ M.J.H. Kuitems
  Name: M.J.H. Kuitems
  Title: Full Proxy Holder

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  BNP PARIBAS,
  as Administrative Agent, an Issuing Lender and individually as a Lender
   
   
  By: /s/ Pierre-Nicholas Rogers
  Name: Pierre-Nicholas Rogers
  Title: Managing Director
     
     
  By: /s/ Joseph Mack
  Name: Joseph Mack
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  BANK OF AMERICA, N.A.,
  as a Lender
   
   
  By: /s/ Thor O’Connell
  Name: Thor O’Connell
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  MUFG BANK, LTD. (formerly known as “THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.”),
  as an issuing Lender and individually as a Lender
   
   
  By: /s/ Samantha Schumacher
  Name: Samantha Schumacher
  Title: Authorized Signatory

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  CITIBANK, N.A.,
  as a Lender
   
   
  By: /s/ Millie Schild
  Name: Millie Schild
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  THE BANK OF NOVA SCOTIA,
  as a Lender
   
   
  By: /s/ Frans Brantiotis
  Name: Frans Brantiotis
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  CREDIT AGRICOLE CORPORATE & INVESTMENT BANK,
  as a Lender
   
   
  By: /s/ Andrew Sidford
  Name: Andrew Sidford
  Title: Managing Director
   
   
  By: /s/ Gordon Yip
  Name: Gordon Yip
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

 

 

  ING BANK N.V., DUBLIN BRANCH,
  as a Lender
   
   
  By: /s/ Sean Hassett
  Name: Sean Hassett
  Title: Director
   
   
  By: /s/ Pádraig Matthews
  Name: Pádraig Matthews
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  LLOYDS BANK CORPORATE MARKETS PLC,
  as a Lender
   
   
  By: /s/ Tina Wong
  Name: Tina Wong
  Title: Assistant Vice President
   
   
  By: /s/ Kamala Basdeo
  Name: Kamala Basdeo
  Title: Assistant Vice President

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  STANDARD CHARTERED BANK,
  as a Lender
   
   
  By: /s/ James Beck
  Name: James Beck
  Title: Associate Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  SUMITOMO MITSUI BANKING CORPORATION,
  as a Lender
   
   
  By: /s/ Michael Maguire
  Name: Michael Maguire
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION,
  as a Lender
   
   
  By: /s/ Greg Strauss
  Name: Greg Strauss
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  BARCLAYS BANK PLC,
  as a Lender
   
   
  By: /s/ Patricia Oreta
  Name: Patricia Oreta
  Title: Director
     
     
  Executed in New York

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  HSBC BANK USA, NATIONAL ASSOCIATION,
  as a Lender
   
   
  By: /s/ Patrick D. Mueller
  Name: Patrick D. Mueller
  Title: Managing Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  U.S. BANK NATIONAL ASSOCIATION,
  as a Lender
   
   
  By: /s/ James Austin
  Name: James Austin
  Title: Sr. Vice President

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  GOLDMAN SACHS BANK USA,
  as a Lender
   
   
  By: /s/ Mahesh Mohan
  Name: Mahesh Mohan
  Title: Authorized Signatory

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  INTESA SANPAOLO S.P.A.,
  as a Lender
   
   
  By: /s/ Javier Richard Cook
  Name: Javier Richard Cook
  Title: Managing Director
   
   
  By: /s/ Jennifer Feldman Facciola
  Name: Jennifer Feldman Facciola
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  WESTPAC BANKING CORPORATION,
  as a Lender
   
   
  By: /s/ Richard Yarnold
  Name: Richard Yarnold
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  REGIONS BANK,
  as a Lender
   
   
  By: /s/Derek Miller
  Name: Derek Miller
  Title: Director

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation

 

 

 

  COMERICA BANK,
  as a Lender
   
   
  By: /s/John Smithson
  Name: John Smithson
  Title: Vice President

 

Signature Page to Amendment No. 4 to

$1,700,000,000 Amended and Restated Revolving Loan and Letter of Credit Facility Agreement

dated as of February 25, 2016

Fluor Corporation