Fluor greenshoe exercised, raising convertibles to $330 million

New York, Feb. 19 - Fluor Corp. said underwriters of its recent offering of convertible senior notes due 2024 exercised the $30 million over-allotment option in full, raising the size of the deal to $330 million.

The Aliso Viejo, Calif., energy, engineering and construction services company originally sold $300 million of the securities after the market closed on Feb. 10 at par to yield 1.5% with a 40% initial conversion premium.

Banc of America Securities and Citigroup Global Markets Inc. were joint bookrunners for the off-the-shelf deal.

Fluor will use proceeds for working capital and general corporate purposes.

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