McDermott Completes Refinancing; Strengthens Capital Structure for Continued Growth

21, 2026 /PRNewswire/ -- McDermott International, Ltd ("McDermott" or the "Company") today announced the successful completion of its comprehensive refinancing transaction, including a ...

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McDermott Completes Refinancing; Strengthens Capital Structure for Continued Growth PR Newswire September 21, 2026 3 min read MCDIF Refinancing includes completion of $500 million equity rights offering, $550 million Nordic bond issuance and new long-term Letter of Credit facility HOUSTON, Sept.

21, 2026 /PRNewswire/ -- McDermott International, Ltd ("McDermott" or the "Company") today announced the successful completion of its comprehensive refinancing transaction, including a backstopped $500 million equity financing, a $550 million senior secured Nordic bond issuance and a new long-term letter of credit and guarantee facility.

The refinancing builds upon the Company's strong operational and financial performance, including consistent project execution and disciplined bidding.

This platform for long-term growth positions McDermott to execute its high-quality global backlog, pursue disciplined growth opportunities and advance its long-term strategy.

"This refinancing reflects the continued support and confidence our shareholders, lenders and bond investors have shown in our strategy, performance and future," said Michael McKelvy, McDermott Chief Executive Officer and Chair of the Board of Directors.