McDermott International, Inc. – Seeks Approval for $2.81bn of DIP financing, Including $1.743bn of New Money and $1.066bn of Roll-Ups

January 22, 2020 – The Debtors requested Court authority to access (i) $2.81bn of debtor-in-possession (“DIP”) financing and (ii) use cash collateral  [Docket No. 56]. The DIP financing is comprised of (i) a $2.067bn term loan facility (the "DIP Term Loan Facility") and (ii) a $743.0mn DIP letter of credit facility (the "DIP Letter of…