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Bracewell Advises Crédit Agricole in Financing of $6 Billion McDermott-CB&I Combination

NEW YORK – 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.

Additional information about the transaction can be found in McDermott’s press release and Form 8-K.

Bracewell lawyers involved in this transaction included:

Partners: Jeris Diana Brunette, Robin J. Miles, Manuel Vera, Olivia Caddy, Michele Alexander, Bruce J. Jocz, Rebecca Keep, Constance Gall Rhebergen, Elena V. Rubinov and Christopher R. Williams

Senior Counsel: William H. Ebert

Counsel: Leslie Hansen and David Harty

Associates: 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

The team also included foreign counsel in Australia, Barbados, Canada, Cayman Islands, Colombia, Curaçao, Czech Republic, Germany, Hungary, Indonesia, Ireland, Jersey, Liechtenstein, Malaysia, Malta, Mexico, The Netherlands, Norway, Panama, Saudi Arabia and Singapore.