You have accessed this news story:
CM - McDermott’s expensive $1.7B credit agreement has hurdles - October 2009
McDermott International, Inc. signed a new syndicated superpriority senior secured credit agreement for up to $1.7 billion, the company announced Oct. 21. Lenders have given McDermott immediate access to $650 million of financing, consisting of $550 million under a total $1.3 billion term-loan facility and $100 million under the total $400 million letter-of-credit facility, prior to reduction for related fees and expenses. The company said it expected to use the borrowings for working capital......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!