Willbros +2% after selling certain downstream oil and gas assets

|About: Willbros Group, Inc. (WG)|By:, SA News Editor

Willbros Group (WG +2%) says it sold certain assets and operations of its oil an gas downstream businesses to a privately held company for an unspecified sum.

The sale includes the union refinery maintenance turnaround service line and a related fabrication facility located near Tulsa, Okla., and associated tools and equipment.

As a result of sale, WG says it is paying down its term loan debt by $25M.