March 30 (Reuters) - Worley Ltd WOR.AX :
* REFINANCED A SIGNIFICANT PORTION OF WORKING CAPITAL FACILITIES EXPIRING IN FY2020
* RECEIVED BANK CREDIT APPROVAL TO EXTEND ABOUT $480 MILLION OF WORKING CAPITAL FACILITIES FOR 12 MONTHS
* WHILE IMPACTS OF COVID-19 PANDEMIC & OIL PRICE DECLINE ARE STILL EVOLVING, MANAGEMENT IS ACTIVELY TAKING MEASURES TO ALIGN COST BASE
* REVIEWING COST STRUCTURES, INCLUDING A REVIEW OF PROPERTY PORTFOLIO
* TOTAL LIQUIDITY OF $1.36 BILLION AS AT DEC. 31, 2019 & NO MATERIAL CHANGE TO LIQUIDITY POSITION AS AT 29 FEB
* MOBILIZED AN INTERNAL COVID-19 PANDEMIC TASKFORCE TO ACTIVELY IDENTIFY, ASSESS AND RESPOND TO CHALLENGES
* FREEZING RECRUITMENT UNLESS WORKING ON PROJECTS AND WHERE RESOURCES CANNOT BE OBTAINED FROM WITHIN WORLEY