BRIEF-McDermott Announces Agreement To Sell CB&I Storage Business Line To Consortium Of Financial Investors-January 2024-www.financetom.com

BRIEF-McDermott Announces Agreement To Sell CB&I Storage Business Line To Consortium Of Financial Investors

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BRIEF-McDermott Announces Agreement To Sell CB&I Storage Business Line To Consortium Of Financial Investors

Oct 7, 2024 4:24 AM

Oct 7 (Reuters) - McDermott International Ltd ( MCDIF )

* MCDERMOTT ANNOUNCES AGREEMENT TO SELL CB&I STORAGE

BUSINESS LINE

TO CONSORTIUM OF FINANCIAL INVESTORS

* MCDERMOTT INTERNATIONAL LTD ( MCDIF ) - EXPECTS $475 MILLION

PROCEEDS FROM

CB&I SALE

* MCDERMOTT INTERNATIONAL LTD ( MCDIF ) - SALE PROCEEDS TO REPAY CB&I

TERM

LOAN AND REDUCE MCDERMOTT DEBT

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