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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Crédit Agricole Agents Extension of McDermott Credit Facility
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Lenders/Participants
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Credit Agricole [Administrative Agent, Collateral Agent]
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Structure
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$300MM Revolver; $810MM L/C Facility
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Amount
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$1.100
Billion
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Borrower(s)
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McDermott International, Inc.
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Description
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A 5-year Amended and Restated Credit Agreement with $810 million of capacity for letters of credit and a $300 million revolving cash sublimit. Additionally, the agreement allows for current or new lenders to increase commitments up to a total of $1.0 billion. The amended and restated facility will replace McDermott’s previous $450 million Credit Agreement dated April 16, 2014 (as amended) and will extend the maturity until 2022, provided that McDermott’s existing senior secured notes are repaid by December 2020. In conjunction with the Amended and Restated Credit Agreement, McDermott repaid in full the outstanding Term Loan under the previous Credit Agreemen
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Industry
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Engineering
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| Related Tags |
Credit Agricole
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ABL Advisor
Deal Tables
2025
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