Gulf Oil and Gas accountACCOUNT

McDermott Completes New Capital Raise For $560 Million

Source: www.gulfoilandgas.com 1/5/2021, Location: North America

McDermott International, Ltd announced that on Dec. 31, 2020, it secured $560 million in new capital. As announced on Nov. 18, 2020, the new capital was provided through a series of transactions which was secured through commitments from certain existing lenders and shareholders. McDermott met all conditions necessary to close these transactions and has strengthened its balance sheet and increased its liquidity to provide financial flexibility for continued strong project execution and pursuit of new opportunities.

"With the completion of the capital raise, McDermott has recapitalized its business with the support of its investors," said David Dickson, President and Chief Executive Officer of McDermott. "This additional capital solidifies our liquidity position and allows us to continue delivering superior project execution for our customers and pursue new growth opportunities. We want to thank our investors for the confidence they have in McDermott and its business model and our customers for their continued support."

Financials and Investment News in United States >>

Spain >>  3/1/2021 - Prospex Energy PLC, the AIM quoted investment company focused on European gas and power projects, is pleased to announce the completion of the acquisi...
United Kingdom >>  3/1/2021 - Diversified Gas & Oil PLC (DGOC) announces the vesting of Restricted Stock Units ("RSUs") issued under its equity incentive plan (the "Plan") to membe...

Norway >>  2/26/2021 - Siem Offshore Inc has reported the results for fourth quarter and full year 2020. A conference call was held Friday 26th of February 2021. The call wa...
Uganda >>  2/26/2021 - Tullow Oil plc is pleased to provide an update on the redetermination of its Reserves Based Lending facility ("RBL").

Over the past few we...


United Kingdom >>  2/26/2021 - A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further ...
United Kingdom >>  2/26/2021 - Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that upon the recommendatio...




United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.