Shaw Group extends $45 million of bank debt

By Sara Rosenberg

New York, Jan. 6 - Shaw Group Inc. extended $45 million of its credit facility for an additional year to April 25, 2011, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The extended amount is part of a $60 million commitment that Merrill Lynch currently provides under the credit agreement.

With this extension, which was effective as of Dec. 30, the company maintains the current $1.053 billion of commitments under the credit facility through April 25, 2010, and $874 million through April 25, 2011.

Shaw is a Baton Rouge, La., provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for the energy, chemicals, environmental, infrastructure and emergency response markets.

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