Finance

McDermott heads for sunnier uplands after financial agreement

Letter of credit, loan, contract liabilities are among issues tackled by 'transaction support agreement'

Smooth and effective completion: Michael McKelvy, chief executive of McDermott International.
Smooth and effective completion: Michael McKelvy, chief executive of McDermott International.Photo: MCDERMOTT INTERNATIONAL
Africa CorrespondentLondon
McDermott InternationalMichael McKelvyAmericasNorth AmericaEurope
Published 27 March 2024, 03:11Updated 27 March 2024, 08:16