Shaw Group upsizes facility to $1 billion, gets $250 million accordion feature

By Sara Rosenberg

New York, Jan. 15 - Shaw Group Inc. increased it existing credit facility to $1 billion from $850 million and received approval for a $250 million accordion feature, according to a news release.

The increased facility will be used primarily for letters of credit to support the company's continued business growth.

The amended credit facility retains its original maturity date of April 25, 2010, and other substantive terms of the original agreement remain unchanged.

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.

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