Shaw Increases Loan To $1.45B

Engineering and construction companyShaw Grouphas expanded its existing credit facility to $1.45 billion. The loan will have a maturity period of five years.

The company will use the complete amount for issuing performance letters of credit, while $1.25 billion will be available for financial letters of credit and borrowings. The credit line will also allow Shaw to seek further unsecured commitments of up to $500 million.

Click here for the release fromBusiness Wire.