Last $6.87 USD
Change Today +0.01 / 0.15%
Volume 4.2M
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

mcdermott intl inc (MDR) Snapshot

Open
$6.90
Previous Close
$6.86
Day High
$6.94
Day Low
$6.84
52 Week High
05/8/13 - $11.06
52 Week Low
08/7/13 - $6.68
Market Cap
1.6B
Average Volume 10 Days
5.0M
EPS TTM
$-1.89
Shares Outstanding
237.4M
EX-Date
08/2/00
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MCDERMOTT INTL INC (MDR)

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mcdermott intl inc (MDR) Details

McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. The company operates in three segments: Asia Pacific, Atlantic, and the Middle East. It focuses on designing and executing complex offshore oil and gas projects. The company offers EPCI services for offshore oil and gas field developments; and delivers fixed and floating production facilities, pipelines, and subsea systems from concept to commissioning. It engages in the fabrication and installation of fixed and floating structures; installation of pipelines and subsea systems; and provision of shallow water and deepwater construction services. The company’s customers include national, integrated, and other oil and gas companies. McDermott International, Inc. was founded in 1923 and is based in Houston, Texas.

14,000 Employees
Last Reported Date: 03/3/14
Founded in 1923

mcdermott intl inc (MDR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $624.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $511.3K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $472.1K
Chief Administration Officer and Senior Vice ...
Total Annual Compensation: $358.8K
Executive Vice President of Offshore
Total Annual Compensation: $320.9K
Compensation as of Fiscal Year 2013.

mcdermott intl inc (MDR) Key Developments

McDermott International Inc. Announces Pricing of $500 Million 8.00% Second-Lien Senior Secured Notes Due 2021

McDermott International Inc. announced the pricing of $500 million in aggregate principal amount of 8.00% second-lien senior secured notes due 2021 (the "Notes"). Settlement of the offering is expected to occur on April 16, 2014, subject to customary closing conditions. At closing, the Notes will be issued at a price of 100.00% of the principal amount. The Notes will be offered only to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to certain non-U.S. persons in transactions outside the United States under Regulation S under the Securities Act. The private placement is expected to result in net proceeds to McDermott of approximately $491 million. McDermott intends to use the net proceeds from the offering of the Notes, together with other financing sources (including proceeds expected to be received in connection with the refinancing of its outstanding credit agreement with a new first-lien credit facility), to refinance revolving credit facility indebtedness outstanding under its existing credit agreement and for other general corporate purposes, including the funding of working capital requirements and capital expenditures. The Notes have not been and will not be registered under the Securities Act or any state securities laws; and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

McDermott International, Inc. Announces $500 Million Offering of Second-Lien Senior Secured Notes

McDermott International Inc. announced that it intends, subject to market and other conditions, to offer $500 million aggregate principal amount of its second-lien senior secured notes due 2021. The notes will be offered only to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended and to certain non-U.S. persons in transactions outside the United States under Regulation S under the Securities Act. McDermott intends to use the net proceeds from the offering of the notes, together with other financing sources (including proceeds expected to be received in connection with the refinancing of its outstanding credit agreement with a new first-lien credit facility), to refinance revolving credit facility indebtedness outstanding under its existing credit agreement and for other general corporate purposes, including the funding of working capital requirements and capital expenditures. The new first-lien credit facility may include a term loan of up to $400 million and, potentially, a letter of credit facility. The notes will be unconditionally guaranteed, jointly and severally, on a senior secured second-lien basis, by McDermott's existing and future subsidiaries that guarantee indebtedness under its credit agreement. The notes and the guarantees will be secured on a second-lien basis by pledges of capital stock of certain subsidiaries of McDermott and mortgages and other security interests covering substantially all personal property of McDermott and substantially all of its wholly owned subsidiaries, subject to certain exceptions, and certain vessels owned by McDermott's wholly owned subsidiaries. There can be no assurance that the financing transactions described in this press release will occur, and, even if they do occur, there can be no assurance as to what their terms will be. In addition, McDermott reserves the right to pursue other financing transactions in place of, or in addition to, the transactions. The notes have not been and will not be registered under the Securities Act or any state securities laws; and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

McDermott International Inc. Presents at 42nd Annual Howard Weil Energy Conference, Mar-26-2014 11:10 AM

McDermott International Inc. Presents at 42nd Annual Howard Weil Energy Conference, Mar-26-2014 11:10 AM. Venue: The Roosevelt New Orleans Hotel, 123 Baronne Street, New Orleans, LA 70112, United States. Speakers: David Dickson, Chief Executive Officer, President and Director.

 

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