AMENDMENT NO. 1 TO CREDIT AGREEMENTCredit Agreement • December 2nd, 2019 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
THIS SUPERPRIORITY SENIOR SECURED CREDIT AGREEMENT (this “Agreement”) dated as of October 21, 2019 is among McDermott Technology (Americas), Inc., a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation and McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (each a “Borrower” and collectively the “Borrowers”), McDermott International, Inc., a Panamanian corporation (the “Parent”), the Lenders (as defined below), the Issuers (as defined below), Credit Agricole Corporate and Investment Bank, as administrative agent for the Revolving Facility (as defined below) (in such capacity, and together with its successors pursuant to Section 10.6, the “Revolving Administrative Agent”) and Barclays Bank PLC as administrative agent for the Term Facility (as defined below) (in such capacity, and together with its successors pursuant to Section 10.6, the “Term
AMENDMENT NO. 2 TO CREDIT AGREEMENTCredit Agreement • December 2nd, 2019 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This AMENDMENT NO. 2 TO CREDIT AGREEMENT (“Amendment”) entered into and effective as of December 1, 2019 (the “Amendment No. 2 Effective Date”) is by and among McDermott Technology (Americas), Inc., a Delaware corporation (“MTA”), McDermott Technology (US), Inc. a Delaware corporation (“MTUS”), McDermott Technology B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (“MTBV” and together with MTA and MTUS, collectively the “Borrowers”, each a “Borrower”), McDermott International, Inc. a Panamanian corporation (the “Parent”), the Revolving Lenders party hereto, the Term Lenders party hereto, the LC Lenders party hereto, the Cash Secured LC Issuers party hereto the Swing Loan Lender party hereto, in each case, as defined in the Credit Agreement (as defined below), and the Guarantors, as defined in the Credit Agreement (as defined below).
AMENDMENT NO. 2 TO LETTER OF CREDIT AGREEMENTLetter of Credit Agreement • December 2nd, 2019 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This AMENDMENT NO. 2 TO LETTER OF CREDIT AGREEMENT (“Amendment”) entered into and effective as of December 1, 2019 (the “Amendment No. 2 Effective Date”) is by and among McDermott Technology (Americas), Inc., a Delaware corporation (“MTA”), McDermott Technology (US), Inc. a Delaware corporation (“MTUS”), McDermott Technology B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (“MTBV” and together with MTA and MTUS, collectively the “Applicants”, each an “Applicant”), McDermott International, Inc. a Panamanian corporation (the “Parent”), the Participants party hereto (as defined in the Letter of Credit Agreement (as defined below)) and the Guarantors (as defined in the Letter of Credit Agreement).
SECOND CONSENT AND WAIVER AGREEMENT BY THE HOLDERS OF THE 12% REDEEMABLE PREFERRED STOCK OF MCDERMOTT INTERNATIONAL, INC. December 1, 2019Consent and Waiver Agreement • December 2nd, 2019 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
Reference is made to (i) that certain Certificate of Designation providing for the designations, preferences, limitations and relative rights, voting, redemption and other rights and the qualifications, limitations or restrictions of the Company’s 12% Redeemable Preferred Stock (the “Preferred Stock”), dated October 30, 2018 (as amended by that certain Certificate of Amendment thereto, dated October 24, 2019, the “Certificate of Designation”), of McDermott International, Inc., a corporation incorporated and existing under the laws of the Republic of Panama (the “Company”) and (ii) that certain Superpriority Senior Secured Credit Agreement, dated October 21, 2019, by and among the Company, as a guarantor, McDermott Technology (Americas), Inc., a Delaware corporation (“MTA”), McDermott Technology (US), Inc., a Delaware corporation (“MTUS”) and McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the
FORBEARANCE AGREEMENTForbearance Agreement • December 2nd, 2019 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This FORBEARANCE AGREEMENT, dated as of December 1, 2019 (this “Agreement”), by and among McDermott Technology (Americas), Inc. (“MTA”), a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation (“MTUS” and, together with MTA, the “Issuers”), McDermott International, Inc., a Panamanian corporation (the “Company”), each of the undersigned entities listed as guarantors (the “Guarantors” and, together with the Issuers and the Company, the “Note Parties”), and each of the undersigned beneficial owners and/or investment advisors or managers of discretionary accounts for the holders or beneficial owners of the Notes (as defined below) (collectively, the “Holders”).
