Level 17, 141 Walker Street
North Sydney NSW 2060 Australia
Telephone: +61 2 8923 6866
www.worley.com
Worley Limited
ABN 17 096 090 158
19 October 2020
ASX release
WORLEY LIMITED (WORLEY)
(ASX: WOR)
Worley strengthens liquidity position
Worley is pleased to announce it has further strengthened its liquidity position. Worley has been confirmed as an eligible issuer for the Bank of England COVID Corporate Financing Facility (CCFF) for a £300 million (approximately AUD 540 million) commercial paper programme. Investment-grade rated companies that make a material contribution to the UK economy are eligible to participate in the facility.
Worley is grateful to both the Bank of England and HM Treasury for the provision of the CCFF. With the existing debt facilities and the CCFF, Worley's sources of liquidity will provide the Group with additional headroom to support business activities. The CCFF will be used to provide additional liquidity and is currently unutilized.
"The Bank of England programme has increased our liquidity position and further strengthened our balance sheet", said Chris Ashton, Chief Executive Officer of Worley.
Authorised for release by Nuala O'Leary, Group Company Secretary. For further information, please contact:
Veréna Preston
Group Director, Investor Relations Ph: +61 7 3239 7461 investor.relations@worley.comwww.worley.com
About Worley: Worley is a global company headquartered in Australia and our purpose is delivering a more sustainable world. Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors. As a knowledge-based service provider, we use our knowledge and capabilities to support our customers to reduce their emissions and move towards a low carbon future.
Worley Limited is listed on the Australian Securities Exchange (ASX: WOR).
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Worley Limited published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 07:34:02 UTC