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).
Surce: Wood
