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McDermott International Inc (MDR.N)

MDR.N on New York Stock Exchange

17.63USD
20 Jul 2018
Change (% chg)

$-0.09 (-0.51%)
Prev Close
$17.72
Open
$17.76
Day's High
$17.95
Day's Low
$17.63
Volume
487,808
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1,190,135
52-wk High
$27.19
52-wk Low
$16.16

Latest Key Developments (Source: Significant Developments)

McDermott International Awarded Contract By POSCO DAEWOO in Myanmar
Wednesday, 27 Jun 2018 

June 27 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL - ANNOUNCED AWARD OF A CONTRACT BY POSCO DAEWOO FOR PHASE 2 OF SHWE GAS FIELD DEVELOPMENT OFFSHORE WESTERN MYANMAR.MCDERMOTT INTERNATIONAL - CO'S PORTION OF AWARD IS CLASSIFIED AS A LARGE CONTRACT, WHICH WILL BE REFLECTED IN ITS Q2 2018 BACKLOG.  Full Article

Mcdermott International Enters Into Credit Agreement
Friday, 11 May 2018 

May 11 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL INC - ON MAY 10, CO ENTERED INTO CREDIT AGREEMENT - SEC FILING.MCDERMOTT INTERNATIONAL - CREDIT AGREEMENT PROVIDES FOR BORROWINGS, LETTERS OF CREDIT OF $4.65 BILLION.MCDERMOTT INTERNATIONAL - REVOLVING CREDIT FACILITY, LC FACILITY TO MATURE ON MAY 10, 2023; TERM FACILITY TO MATURE ON MAY 10, 2025.  Full Article

McDermott Completes Reverse Stock Split
Thursday, 10 May 2018 

May 10 (Reuters) - Chicago Bridge & Iron Company NV ::MCDERMOTT INTERNATIONAL INC - CO EXPECTS TO COMPLETE PROPOSED DEAL WITH CB&I ON MAY 10.  Full Article

McDermott Awarded Subsea Umbilical And Flowline Installation Contract For The Lucius Field
Wednesday, 9 May 2018 

May 9 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED SUBSEA UMBILICAL AND FLOWLINE INSTALLATION CONTRACT FOR THE LUCIUS FIELD.MCDERMOTT INTERNATIONAL INC - CONTRACT AWARD WILL BE REFLECTED IN MCDERMOTT'S Q2 2018 BACKLOG.MCDERMOTT INTERNATIONAL - ANNOUNCED CONTRACT AWARD FROM ANADARKO PETROLEUM FOR SUBSEA UMBILICAL AND FLOWLINE INSTALLATION.  Full Article

Subsea 7 re-affirms its proposal to acquire McDermott
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Subsea 7 Sa ::SUBSEA 7 RE-AFFIRMS ITS PROPOSAL TO ACQUIRE MCDERMOTT.SAYS IS OPEN TO CONSIDERING AMENDING ITS PROPOSAL IF IT CAN DISCOVER ADDITIONAL VALUE THROUGH DISCUSSIONS WITH MCDERMOTT MANAGEMENT TEAM.MCDERMOTT BOARD REJECTED SUBSEA 7'S UNSOLICITED OFFER WORTH ABOUT $2 BILLION ON APRIL 20 nL8N1S00VG.  Full Article

ISS Recommends CB&I Shareholders Vote "For" Proposed Transaction With McDermott
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Chicago Bridge & Iron Company NV ::LEADING PROXY ADVISORY FIRM ISS RECOMMENDS CB&I SHAREHOLDERS VOTE "FOR" THE PROPOSED TRANSACTION WITH MCDERMOTT.CHICAGO BRIDGE & IRON - ISS RECOMMENDED CB&I SHAREHOLDERS VOTE "FOR" TRANSACTION WITH MCDERMOTT AT SPECIAL GENERAL MEETING OF SHAREHOLDERS ON MAY 2.  Full Article

Mcdermott International Says Amended And Restated Commitment Letter
Thursday, 5 Apr 2018 

April 5 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL SAYS AMENDED & RESTATED COMMITMENT LETTER DATED AS OF DEC 18, 2017 - SEC FILING.MCDERMOTT INTERNATIONAL - AMENDMENT PROVIDES FOR SENIOR SECURED TERM LOAN FACILITY OF $2.260 BLN, A $1 BLN SENIOR SECURED REVOLVING CREDIT FACILITY.MCDERMOTT INTERNATIONAL -AMENDMENT ALSO PROVIDES $1.390 BLN SENIOR SECURED LETTER OF CREDIT FACILITY & SENIOR UNSECURED BRIDGE FACILITY OF $1.3 BLN.  Full Article

McDermott International Prices $1.3 Bln Of 10.625% Senior Unsecured Notes Due 2024
Wednesday, 4 Apr 2018 

April 4 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL, INC. ANNOUNCES PRICING OF $1.3 BILLION OF 10.625% SENIOR UNSECURED NOTES DUE 2024.  Full Article

McDermott International Announces Proposed Offering Of Senior Unsecured Notes
Wednesday, 21 Mar 2018 

March 21 (Reuters) - McDermott International Inc ::MCDERMOTT INTERNATIONAL, INC. ANNOUNCES PROPOSED OFFERING OF $950 MILLION OF SENIOR UNSECURED NOTES DUE 2024 AND $550 MILLION OF SENIOR UNSECURED NOTES DUE 2026.MCDERMOTT INTERNATIONAL INC - PROCEEDS OF OFFERING WILL BE DEPOSITED INTO A SEGREGATED ESCROW ACCOUNT.MCDERMOTT- ON SATISFACTION OF ESCROW CONDITIONS, INTENDS TO USE PROCEEDS TO PAY PART OF PRICE FOR PENDING ACQUISITION OF TECHNOLOGY OPERATIONS OF CB&I.  Full Article

Mcdermott And Cb&I Announce Conclusion Of Competition Authority Reviews For Proposed Combination
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Mcdermott International Inc ::MCDERMOTT AND CB&I ANNOUNCE CONCLUSION OF COMPETITION AUTHORITY REVIEWS FOR PROPOSED COMBINATION.MCDERMOTT INTERNATIONAL - COS HAVE RECEIVED ANTITRUST CLEARANCE IN RUSSIA FOR PROPOSED COMBINATION.MCDERMOTT INTERNATIONAL - DEAL EXPECTED TO BE COMPLETED IN Q2 2018.  Full Article

RPT-FACTBOX-Five U.S. junk bond deals that faced investor pushback

NEW YORK, May 11 Investors in the junk bond market have started to push back against some issuers trying to bring deals to market with insufficient yields and weak investor protections.