Wood Group negotiates $ 600 million loan from UK export finance for low carbon investment



By Ian Walker

On Thursday, John Wood Group PLC announced that it had cleared a $ 600 million loan from UK Export Finance, the UK government’s export credit agency, in connection with its energy transition.

The London-based consulting and engineering company said the five-year loan will be used to invest in low-carbon growth opportunities.

The loan has been issued since July by a group of six banks – ABN Amro Bank PLC, BNP Paribas, Citi, HSBC UK Bank PLC, Lloyds Bank PLC and The Royal Bank of Scotland PLC.

Email Ian Walker at ian.walker@wsj.com


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