Fluor Debt Sale Aims to Raise $300 Million

Bloomberg News

Fluor Corp., the biggest engineering and construction services company, filed a document with regulators Wednesday to raise as much as $300 million in sales of debt securities.

The Aliso Viejo company filed with the Securities and Exchange Commission for approval to sell the debt on terms to be decided later. The company would have the securities on the shelf to sell as needed, in any combination or amount up to $300 million.

Any funds raised would be used for general corporate purposes, including debt refinancing and acquisitions. Fluor stock fell 17 cents Wednesday to $43.68 a share, though it has risen about 85% over the past year.