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Home Icon > About Us > News > McDermott seals up to $1.7bn of new financing

McDermott seals up to $1.7bn of new financing

Houston-based McDermott International has entered into an agreement with some of its secured lenders to give it access to up to $1.7bn of additional financing, including letter of credit capacity. McDermott will have immediate access to $650m, and expects to utilise the amounts available to finance working capital and support performance guarantees on new projects. […]

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Houston-based McDermott International has entered into an agreement with some of its secured lenders to give it access to up to $1.7bn of additional financing, including letter of credit capacity. McDermott will have immediate access to $650m, and expects to utilise the amounts available to finance working capital and support performance guarantees on new projects. […]

[post_title] => McDermott seals up to $1.7bn of new financing [post_excerpt] => Houston-based McDermott International has entered into an agreement with some of its secured lenders to give it access to up to $1.7bn of additional financing, including letter of credit capacity. McDermott will have immediate access to $650m, and expe... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => mcdermott-seals-up-to-1-7bn-of-new-financing [to_ping] => [pinged] => [post_modified] => 2019-10-22 03:23:53 [post_modified_gmt] => 2019-10-22 03:23:53 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=112801 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )