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McDermott achieved significant operational milestones on several key projects


Published Apr 2, 2014
McDermott International, Inc.

McDermott International, Inc. announced an update to certain operational matters. Through working capital management, the Company maintained its previously reported liquidity and leverage position at the end of March 2014 compared to amounts previously reported at the end of February 2014.

Specifically, as of March 31, 2014, the Company had approximately $320 million of total cash, cash equivalents, restricted cash and investments and $307 million of total funded debt, including $250 million of borrowings under the Company's credit facility and $57 million of separate vessel financing.

Tags: McDermott International




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