Willbros Completes Payoff of the Wapco Settlement Agreement

Source: www.gulfoilandgas.com 1/6/2015, Location: Africa

Willbros Group, Inc. announced that it made a payment of $32.75 million to West African Gas Pipeline Company Limited (WAPCO) on December 30, 2014. The Company has now paid in full all sums due under the March 29, 2012 Settlement Agreement with WAPCO. John T. McNabb, II, Chairman and CEO, commented: "With this matter fully behind us, we now have the flexibility in our credit facility to address the multiple opportunities in energy infrastructure we see ahead of us."


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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