July 26, 2016 9:36 AM ET

Construction and Engineering

Company Overview of Foster Wheeler USA Corporation

Company Overview

Foster Wheeler USA Corporation offers engineering, procurement, and construction services for delayed coking, asphaltization, and visbreaking units in the United States and internationally. The company was founded in 1941 and is based in Houston, Texas. Foster Wheeler USA Corporation operates as a subsidiary of Foster Wheeler AG.

585 North Dairy Ashford Street

Houston, TX 77079

United States

Founded in 1941

Phone:

713-929-5000

Fax:

713-929-5170

Key Executives for Foster Wheeler USA Corporation

Chief Executive Officer and President
Chief Financial Officer
Age: 62
General Manager and Director
Compensation as of Fiscal Year 2016.

Foster Wheeler USA Corporation Key Developments

Foster Wheeler AG Delivers a Notice of Termination Regarding the Credit Agreement

On November 7, 2014, Foster Wheeler AG delivered a notice of termination regarding the Credit Agreement, dated as of August 3, 2012, among Foster Wheeler LLC, Foster Wheeler Inc., Foster Wheeler USA Corporation, Foster Wheeler North America Corp., Foster Wheeler Energy Corporation and Foster Wheeler International Corporation (Borrowers), the Company, Foster Wheeler Ltd., Foster Wheeler Holdings Ltd., certain other subsidiaries of the Company, the lenders party thereto and BNP Paribas, as administrative agent. The termination notice regarding the FW Credit Agreement, which was delivered to BNP Paribas, as administrative agent, is conditional on AMEC plc issuing a press release announcing that the conditions to the pending exchange offer by AMEC International Investments BV to acquire all of the issued and to be issued registered shares of the Company have been satisfied or waived. The Company intends to terminate all commitments under the FW Credit Agreement, and to replace, transfer and/or terminate the liabilities in respect of the letters of credit which are outstanding under the FW Credit Agreement, at the time at which Bank of America Merrill Lynch International Limited, as facility agent under the credit agreement between, among others, AMEC plc, the guarantors party thereto, certain lenders party thereto and Bank of America Merrill Lynch International Limited as facility agent dated February 13, 2014 gives the notification referred to in Clause 4.1 (Conditions precedent documents) of the AMEC Credit Agreement. The FW Credit Agreement, which was scheduled to terminate on August 3, 2017, provides a $750.0 million unsecured revolving line of credit available to any or all of the Borrowers for (i) the issuance of letters of credit for the account of Foster Wheeler or for the account of any of its direct or indirect subsidiaries and (ii) revolving credit loans in an amount not to exceed $250.0 million.

Similar Private Companies By Industry

Company Name Region
"D" Construction, Inc. United States
1 Source Wireless, LLC United States
1 Stop Electric, LLC United States
1st Choice Drywall, Inc United States
1st Choice Facilities Services Corp. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Foster Wheeler USA Corporation, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.