Willbros increases amount of U.S. facility, reduces Canadian facility

By Marisa Wong

Morgantown, W.Va., June 20 – Willbros Group, Inc. entered into an amendment to its loan agreement dated Aug. 7, 2013 to reallocate amounts between its U.S. facility and Canadian facility, according to an 8-K filing with the Securities and Exchange Commission.

The total amount of availability under the ABL credit agreement is $100 million and will continue at this level under the amendment completed on June 16.

However, the commitment will now consist of $90 million under the U.S. facility and $10 million under the Canadian facility, instead of the previous $80 million and $20 million, respectively.

Bank of America, NA is the administrative agent under the amended agreement.

Willbros is a Houston-based specialty energy infrastructure contractor for the oil, gas, refining, petrochemical and power industries.

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