MCDERMOTT ANNOUNCES TRANSACTION SUPPORT AGREEMENT WITH KEY FINANCIAL STAKEHOLDERS TO POSITION COMPANY FOR LONG-TERM SUCCESS ...Middle East

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Reaches Transaction Support Agreement with More Than 75% of Secured Letter of Credit Facility Providers, Funded Debt Creditors and Equity Holders Receives $250 Million in New Capital The Agreement Extends Company's Loans and Letter of Credit Facilities Three Years, Until Mid-2027 Company...

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