Ending a period in which millions of shares of its stock were put on sale in large blocks, URS Corp. has trimmed its heavy debt significantly. To pay for the debt buyback, San Francisco-based URS sold $214 million worth of stock in late April. The offering, origi-nally priced at $30 a share, was sold at $26.50 a share. With the proceeds, URS cut its $834-million debt by $180 million, placing its debt-to-total capitalization ratio below 40%. The firm now begins saving $27 million in annual interest paid on the debt. "These transactions will improve our financial strength, enhance stockholder value and allow us to continue to invest in the business and further enhance our ability to perform for clients," says CEO Martin M. Koffel.
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机译：URS Corp.结束了大批量出售数百万股股票的时期，已大幅削减了沉重的债务。为了偿还债务，总部位于旧金山的URS在4月下旬出售了价值2.14亿美元的股票。发行价为每股30美元，最初的发行价为26.50美元。有了这些收益，URS将其8.34亿美元的债务减少了1.8亿美元，使债务对总资本的比率低于40％。该公司现在开始节省为债务支付的每年2700万美元的利息。首席执行官马丁·科菲尔（Martin M. Koffel）说：“这些交易将改善我们的财务实力，提高股东价值，并使我们能够继续投资于该业务，并进一步提高我们为客户服务的能力。”
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