Shaw Group amends loan, permitting $500 million in share buy backs

By Sara Rosenberg

New York, Feb. 1 - Shaw Group Inc. amended its credit facility, increasing the amount of shares that it can buy back to $500 million from $250 million, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The amendment was completed on Jan. 31.

BNP Paribas Securities Corp. is the administrative agent on the deal.

Shaw Group is a Baton Rouge, La.-based 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.