News: WOR Worley Gets Approval To Extend About $480 Mln Of Working Capital Facilities

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    March 30 (Reuters) - Worley Ltd (WOR) :

    • REFINANCED A SIGNIFICANT PORTION OF WORKING CAPITAL FACILITIES EXPIRING IN FY2020
    • RECEIVED BANK CREDIT APPROVAL TO EXTEND ABOUT $480 MILLION OF WORKING CAPITAL FACILITIES FOR 12 MONTHS
    • WHILE IMPACTS OF COVID-19 PANDEMIC & OIL PRICE DECLINE ARE STILL EVOLVING, MANAGEMENT IS ACTIVELY TAKING MEASURES TO ALIGN COST BASE
    • REVIEWING COST STRUCTURES, INCLUDING A REVIEW OF PROPERTY PORTFOLIO
    • TOTAL LIQUIDITY OF $1.36 BILLION AS AT DEC. 31, 2019 & NO MATERIAL CHANGE TO LIQUIDITY POSITION AS AT 29 FEB
    • MOBILIZED AN INTERNAL COVID-19 PANDEMIC TASKFORCE TO ACTIVELY IDENTIFY, ASSESS AND RESPOND TO CHALLENGES
    • FREEZING RECRUITMENT UNLESS WORKING ON PROJECTS AND WHERE RESOURCES CANNOT BE OBTAINED FROM WITHIN WORLEY
 
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Last
$13.13
Change
0.025(0.19%)
Mkt cap ! $6.778B
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