UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2005
McDERMOTT INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
REPUBLIC OF PANAMA 001-08430 72-0593134
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1450 Poydras Street, New Orleans, Louisiana 70112-6050
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (504) 587-5400
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
Today, McDermott International Inc. issued a press release announcing that
on March 18, 2005, BWX Technologies, Inc. entered into the First Amendment to
BWXT's Revolving Credit Agreement. A copy of the amendment and press release are
included as exhibits 10.1 and 99.1, respectively, to this report and are
incorporated by reference.
Other parties to the First Amendment include BWXT Services, Inc. and BWXT
Federal Services, Inc., as guarantors, and The Bank of Nova Scotia, Wells Fargo
Bank, N.A., Allied Irish Banks, PLC, Compass Bank, Amegy Bank of Texas, N.A.,
and Calyon, New York Branch, as lenders. BWXT Services, Inc. and BWXT Federal
Services, Inc. are wholly-owned subsidiaries of McDermott.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
10.1 First Amendment to Revolving Credit Agreement dated March 18,
2005.
99.1 Press Release dated March 24, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
McDERMOTT INTERNATIONAL, INC.
By: /s/ Keith G. Robinson
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Keith G. Robinson
Corporate Controller
March 23, 2005
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