EX-99.2 3 ex99-2.htm EXHIBIT 99.2 ex99-2.htm
 
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Contact:
    
URS Corporation
Sam Ramraj
Vice President,
Investor Relations
(415) 774-2700
  
Sard Verbinnen & Co
Jamie Tully/Delia Cannan
(212) 687-8080
 
 
FLINT ENERGY ANNOUNCES TIMING UPDATE FOR REDEMPTION OF
7.5% SENIOR NOTES DUE 2019
 
 
Calgary, Alberta – December 6, 2013 – Flint Energy Services Ltd., a wholly owned subsidiary of URS Corporation (NYSE: URS), previously announced that it will redeem all of its outstanding 7.5% Senior Notes due 2019 (the “Notes”).  A notice of redemption (the “Redemption Notice”) pursuant to the terms of the indenture governing the Notes (the “Indenture”) is being distributed to the holders of the Notes by Computershare Trust Company of Canada, the trustee under the Indenture.  The Redemption Notice provides that the redemption date will be December 27, 2013.  Following the redemption date, Flint Energy Services Ltd. intends to make application to the securities regulatory authorities in each of the provinces of Canada for a decision that it be deemed to have ceased to be a reporting issuer in such jurisdictions.
 
Flint Energy Services Ltd. is a wholly owned subsidiary of URS Corporation (NYSE: URS), a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. URS Corporation offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; information technology; and decommissioning and closure services.  URS provides services for federal, oil and gas, infrastructure, power, and industrial projects and programs.  Headquartered in San Francisco, URS Corporation has more than 50,000 employees in a network of offices in nearly 50 countries (www.urs.com).


 
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Cautionary Statement Regarding Forward-Looking Statements
 
Statements contained in this press release that are not historical facts may constitute forward looking statements, including statements relating to the Canadian debt redemption and the termination of the reporting obligations of Flint Energy Services Ltd.  The Company believes that its expectations are reasonable and are based on reasonable assumptions.  However, such forward-looking statements by their nature involve risks and uncertainties.  We caution that a variety of factors could cause the Company’s business and financial results to differ materially from those expressed or implied in the Company’s forward-looking statements.  These factors include, but are not limited to: declines in the economy or client spending; federal budget and sequestration issues; our reliance on government appropriations; our ability to make accurate estimates and assumptions; the impact of changes in laws and regulations; our leveraged position and the ability to service our debt; restrictive covenants in finance arrangements; and other factors discussed more fully in URS Corporation’s most recently filed periodic report, as well as in other reports filed from time to time with the Securities and Exchange Commission.  These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made.  The Company assumes no obligation to revise or update any forward-looking statements.

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