Fri 10/07/2022 14:43 PM
McDermott International this week provided lenders with a summary of key annual benchmarks that it is targeting from the current fiscal year through 2025, according to sources.
For the current year, the company is looking to achieve EBITDA breakeven, after which it will seek to complete a debt refinancing in 2023, sources said.
McDermott International would consider a potential IPO conditional on market opportunities and company performance in 2024, and is aiming to reach 8% EBITDA margins...
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