Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide. It operates in four segments: Engineering & Construction, Fabrication Services, Technology, and Capital Services. The Engineering & Construction segment provides engineering, procurement, and construction services for energy infrastructure facilities, such as upstream and downstream process facilities for the oil and gas industry, as well as liquefied natural gas liquefaction and regasification terminals, and fossil electric generating plants for the power generatio...
Prinses Beatrixlaan 35
The Hague, 2595 AK
Founded in 1889
Chicago Bridge & Iron Company N.V., McDermott International, Inc. - M&A Call
Dec 18 17
To create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and market leading technology portfolio
McDermott International, Inc. and CB&I Announce Management Appointments
Dec 18 17
McDermott International, Inc. and CB&I announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and market leading technology portfolio. Upon completion of the transaction, McDermott shareholders will own approximately 53% of the combined company on a fully diluted basis and CB&I shareholders will own approximately 47%. David Dickson, current President and Chief Executive Officer of McDermott, will be President and Chief Executive Officer of the combined company, and Stuart Spence, current Executive Vice President and Chief Financial Officer of McDermott, will be Executive Vice President and Chief Financial Officer of the combined company. Patrick Mullen, President and Chief Executive Officer of CB&I, will remain with the combined company for a transition period to ensure a seamless integration. Operational leadership will include representatives from both companies. The Board of Directors will be comprised of 11 members, including 10 independent directors and David Dickson. Five of the independent directors will come from McDermott and five will come from CB&I. Gary P. Luquette, Non-Executive Chair of the McDermott Board, will serve as the combined company's Non-Executive Chairman.
Chicago Bridge & Iron Company N.V. Announces Amended and Restated Revolving Credit Agreement
Dec 7 17
Chicago Bridge & Iron Company N.V. has requested, and the Administrative Agent for credit facilities and Noteholders have agreed to, an extension of time from the previously disclosed milestone of December 8, 2017 to December 18, 2017 to complete the evaluation and negotiation of a transaction. Specifically, on December 6, 2017 the Company, entered into certain amendments and an extension letter with respect to the following debt arrangements and instruments: the note purchase and guarantee agreement, dated December 27, 2012, by and among Chicago Bridge & Iron (Delaware) (together with the company, the ‘obligors’), the company and the purchasers party thereto (the ‘2012 npa’) with respect to the company’s 7.15% senior notes, series a, due 2017, 7.57% senior notes, series b, due 2019, 8.15% senior notes, series c, due 2022 and 8.30% senior notes, series d, due 2024 (collectively, the ‘2012 notes’); the note purchase and guarantee agreement, dated as of July 22, 2015, by and among Chicago Bridge & Iron (Delaware), the company and the purchasers party thereto with respect to the company’s 7.53% senior notes due 2025 (the ‘2015 notes’ and, together with the 2012 notes, the ‘notes’); the company’s five-year, $1.15 billion committed revolving credit facility (the ‘revolving facility’), with Bank of America N.A. (‘bofa’), as administrative agent, and BNP Paribas Securities Corp, BBVA Compass, Crédit Agricole Corporate and Investment Bank (‘crédit agricole’) and td securities, each as syndication agents; the company’s five-year, $800 million committed revolving credit facility, with bofa, as administrative agent, and bnp paribas securities corp., bbva compass, crédit agricole and bank of tokyo mitsubishi ufj, each as syndication agents; and the company’s five-year, $500 million term loan (the ‘second term loan’ and collectively, with the revolving facility and the second revolving facility, the ‘bank facilities’ and collectively, with the notes, the ‘senior facilities’), with bofa as administrative agent.