Financing of $6 Billion McDermott-CB&I Combination

Bracewell represented Crédit Agricole Corporate & Investment Bank (Crédit Agricole) as lead arranger in connection with the financing of McDermott International, Inc.’s (McDermott) all-stock combination with Chicago Bridge & Iron Company N.V. (CB&I).

The transaction, which was announced on December 18, 2017, closed on May 10, 2018, with an enterprise value of approximately $6 billion.

The newly combined company will be a fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installment (EPCI) service offering and a marketing leading technology company.

Bracewell advised with a team including Jeris Diana Brunette (Picture), Robin J. Miles, Manuel Vera, Olivia Caddy, Michele Alexander, Bruce J. Jocz, Rebecca Keep, Constance Gall Rhebergen, Elena V. Rubinov, Christopher R. Williams, William H. Ebert, Leslie Hansen, David Harty, Luke A. Smith, Humza K. Deshmukh, Jennifer R. Necas, Shannon I. Lindamood, Laura Capelin, Ryan Davis, Caitlyn N. Dockendorf, Melissa Holm, Eimear Murphy, Luka Pavlovic and Catherine Todd.

 

Involved fees earner: Jeris Diana Brunette – Bracewell; Robin Miles – Bracewell; Manuel Vera – Bracewell; Olivia Caddy – Bracewell; Rebecca Keep – Bracewell; William Ebert – Bracewell; Leslie Hansen – Bracewell; David Harty – Bracewell; Luke Smith – Bracewell; Humza Deshmukh – Bracewell; Jennifer Necas – Bracewell; Shannon Lindamood – Bracewell; Laura Capelin – Bracewell; Melissa Holm – Bracewell; Luka Pavlovic – Bracewell; Catherine Todd – Bracewell; Eimear Murphy – Bracewell; Michele Alexander – Bracewell; Bruce Jocz – Bracewell; Constance Gall Rhebergen – Bracewell; Elena Rubinov – Bracewell; Christopher Williams – Bracewell; Ryan Davis – Bracewell; Caitlyn Dockendorf – Bracewell;

Law Firms: Bracewell;

Clients: Crédit Agricole Corporate and Investment Bank;