Shaw gets loan waiver extension of missed financial deadlines

By Sara Rosenberg

New York, Sept. 6 - The Shaw Group Inc. received a waiver under its credit facility, further extending the deadline for delivery of the Feb. 28 and May 31 financial statements, according to an 8-K filed with the Securities and Exchange Commission Thursday.

In addition, the waiver covers any defaults that could arise from the company's financial statements for the fiscal year ended Aug. 31, 2006 and the first fiscal quarter 2007 not being prepared in accordance with generally accepted accounting principles.

The waiver is dated as of Aug. 30.

BNP Paribas is the administrative agent on the deal.

Shaw Group is a Baton Rouge, La.-based provider of engineering, procurement, construction, technology, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.