Willbros arranges new term loan facility

Willbros Group Inc.

Willbros Group Inc. (NYSE: WG) has refinanced with a private lender its term loan debt. The company intends to use the net proceeds from the new term loan to repay all indebtedness under its existing term loan and for general corporate purposes.

Willbros expects the new term loan facility to close and fund on Dec. 16.

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