CREDIT AGREEMENT Dated as of May 3, 2010 among BABCOCK & WILCOX INVESTMENT COMPANY (or, after the Spinoff, THE BABCOCK & WILCOX COMPANY), as the Borrower, BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, and The...Credit Agreement • May 7th, 2010 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This CREDIT AGREEMENT is entered into as of May 3, 2010, among BABCOCK & WILCOX INVESTMENT COMPANY, a Delaware corporation, as the borrower hereunder (or, after the effectiveness of the Spinoff (defined below) and the satisfaction of the other terms and conditions herein relating to the substitution thereof, the New Borrower (defined below) as the borrower hereunder), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.
PLEDGE AND SECURITY AGREEMENT made by J. RAY MCDERMOTT, S.A. and MCDERMOTT INTERNATIONAL, INC. and certain of their Subsidiaries in favor of CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Administrative Agent and Collateral Agent Dated May 3, 2010Pledge and Security Agreement • May 7th, 2010 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This Pledge and Security Agreement dated as of May 3, 2010 is made by each of the signatories hereto (together with any other grantor that may become a party hereto as provided herein, the “Grantors”), in favor of Crédit Agricole Corporate and Investment Bank (“CA CIB”), as administrative agent (in such capacity and together with its successors in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity and together with its successors in such capacity, the “Collateral Agent”) for (i) the Lenders and the Issuers from time to time parties to the Credit Agreement, dated May 3, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among J. Ray McDermott, S.A., a Panamanian corporation (the “Initial Borrower”), McDermott International, Inc., a Panamanian corporation (the “New Borrower”), the Administrative Agent, the Collateral Agent, the Lenders and the Issuers from time to time parties thereto, and (ii) the
PLEDGE AND SECURITY AGREEMENT made by BABCOCK & WILCOX INVESTMENT COMPANY and certain Subsidiaries of the Borrower in favor of BANK OF AMERICA, N.A., as Administrative Agent, for the ratable benefit of the Secured Parties Dated as of May 3, 2010Pledge and Security Agreement • May 7th, 2010 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This PLEDGE AND SECURITY AGREEMENT, dated as of May 3, 2010, made by each of the signatories hereto (together with any other grantor that may become a party hereto as provided herein, the “Grantors”), in favor of BANK OF AMERICA, N.A., as administrative agent (in such capacity and together with its successors in such capacity, the “Administrative Agent”) for the benefit of the Secured Parties in connection with that certain Credit Agreement dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among BABCOCK & WILCOX INVESTMENT COMPANY, a Delaware corporation, as the borrower thereunder (or, after the effectiveness of the Spinoff and the satisfaction of the other terms and conditions therein relating to the replacement thereof, the New Borrower, as the borrower thereunder), the Lenders, the Administrative Agent, the Swing Line Lender and the L/C Issuers.
