Shaw Group seeks loan amendment to increase size to $1.25 billion

By Sara Rosenberg

New York, Jan. 9 - The Shaw Group Inc. is looking to amend its credit facility to increase the size to $1.25 billion from $1 billion, according to a 10-Q filed with the Securities and Exchange Commission Wednesday.

In addition, the amendment would increase the amount effective under the facility to $1 billion from $850 million.

The amendment, which is expected to be completed this month, is to increase capacity for general working capital needs.

Shaw is a Baton Rouge, La., provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for 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.