Kirkland Advises McDermott on Securing $560 Million in New Capital

Kirkland counseled McDermott International, Ltd on securing approximately $560 million in new capital through a series of transactions expected to close by the end of the year. McDermott has secured commitments from certain existing lenders and shareholders for these transactions, as well as approval from a steering committee comprised of certain existing letter of credit and term loan lenders. The transactions are designed to further strengthen the Company's balance sheet, increase liquidity and fund future growth opportunities.

Read McDermott’s press release

The Kirkland team was led by debt finance partners Lucas Spivey and Mitch McClellan; and capital markets partners Matthew Pacey, Brooks Antweil and Sara-Ashley Moreno.