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John Wood Group PLC agreed to further extend temporary waivers under its committed debt facilities from 30 June 2025 to 31 July 2025. These waivers, initially valid through 30 April 2025, have also been expanded to include financial covenants for the financial period ending on 30 June 2025.
| Date | 1 Jul 2025 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 0769P |
1 July 2025
John Wood Group PLC ("Wood" or the "Company")
Extension of temporary waivers and lender engagement
Further to the Company's announcement on 30 April 2025, Wood has agreed extensions to the temporary waivers under its committed debt facilities (initially valid through to 30 April 2025 and then extended to 30 June 2025) to 31 July 2025, and these waivers have been expanded to include the financial covenants in those facilities in respect of the financial period ending on 30 June 2025.
Wood remains in constructive dialogue with its lenders and noteholders in relation to the Debt Modifications and the Sidara Liquidity Arrangements relating to Sidara's Possible Offer (each as defined in the Company's announcement of 14 April 2025).
Enquiries
|
Wood Simon McGough, President, Investor Relations |
07850 978 741 |
|
FTI Consulting (PR Adviser) Alex Le May, Nick Hasell, Ariadna Peretz |
020 3727 1340 |
The person responsible for arranging the release of this announcement on behalf of Wood is John Habgood, Company Secretary.