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Design and Development Consultancy
News Release from: Foster Wheeler
Edited by the Engineeringtalk Editorial
Team on 31 July 2006
Foster Wheeler appoints BNP Paribas
Foster Wheeler has mandated BNP Paribas to arrange a new $350 million, five-year senior secured domestic credit facility.
Foster Wheeler has announced that it has mandated BNP Paribas to arrange a new $350 million, five-year senior secured domestic credit facility The new facility would replace a $250 million credit facility arranged in 2005
The proposed new facility is intended to increase bonding capacity to support Foster Wheeler's growing operations and to reduce bonding costs.
The transaction is expected to close in September 2006 subject to successful negotiation of definitive documentation.
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