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LONDON - John Wood Group (LON:WG) PLC announced Thursday it has secured an extension to temporary waivers under its committed debt facilities until August 31, 2025, according to a press release statement.
The engineering and consulting company had previously extended these waivers multiple times, with the most recent extension set to expire on July 31. The waivers were initially valid through April 30, 2025, before being extended to June 30 and subsequently to July 31.
This announcement follows Wood’s July 28 statement regarding progress on its proposed refinancing and an extension of the deadline for Dar Al-Handasah Consultants Shair and Partners Holdings Ltd to announce whether it intends to make an offer for Wood. That deadline has been pushed to August 25, 2025.
The company did not provide specific details about the terms of the waivers or the status of its refinancing efforts in the announcement.
Wood Group, which provides consulting, projects, and operations solutions in the energy and materials markets, continues to work through its financial arrangements while the potential acquisition situation develops.
Simon McGough, President of Investor Relations at Wood Group, was listed as a contact on the press release, which was issued through the London Stock Exchange (LON:LSEG)’s news service.
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