AMENDMENT NO. 3 TO CREDIT AGREEMENT AND AMENDMENT TO PLEDGE AND SECURITY AGREEMENTCredit Agreement • April 19th, 2016 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This AMENDMENT NO. 3 AND AMENDMENT TO PLEDGE AND SECURITY AGREEMENT (this “Amendment”) dated as of April 18, 2016, is among MCDERMOTT INTERNATIONAL, INC., a Panamanian corporation (the “LC Borrower”), MCDERMOTT FINANCE L.L.C., a Delaware limited liability company (the “Term Borrower”), the Issuers and the Lenders party hereto (including any such Lender that that has instructed the Administrative Agent to approve this Amendment on its behalf), the Guarantors party hereto, and CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as administrative agent (in such capacity, the “Administrative Agent”). Reference is made to the Credit Agreement dated as of April 16, 2014, among the LC Borrower, the Term Borrower, the Administrative Agent, and the Lenders and Issuers party thereto (as amended, supplemented, restated, increased, extended or otherwise modified from time to time, the “Credit Agreement”).
