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July 05, 2015 4:19 PM ET

Construction and Engineering

Company Overview of Foster Wheeler USA Corporation

Company Overview

Foster Wheeler USA Corporation, an engineering and construction contractor, offers engineering, procurement, and construction services 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: 61
General Manager and Director
Compensation as of Fiscal Year 2015.

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.

Foster Wheeler USA Signs Collaboration Agreement with Tecnimont for North American Chemicals Projects

Foster Wheeler AG announced that Foster Wheeler USA Corporation has signed a collaboration agreement with Tecnimont USA Inc., for front-end engineering (FEED) design, detailed engineering, procurement and construction (EPC) of petrochemicals, chemicals and fertilizer facilities in the United States, Canada, and Mexico. Foster Wheeler and Tecnimont will collaborate in pursuing specific opportunities for new plants and plant revamps. This collaboration aims to deliver clients significant added value, combining the world-class skills of both companies: Foster Wheeler with its global chemicals project track record and its reputation as a FEED and EPC contractor in North America, and Tecnimont's track record in technology-driven chemicals sectors, including olefins and fertilizers and, in particular, its leading track record in polyolefins (polyethylene and polypropylene).

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