On January 9, 2020, McDermott International, Inc., a Panamanian corporation (‘McDermott’), McDermott Technology (Americas), Inc. (‘MTA’), McDermott Technology (US), Inc. (‘MTUS’) and McDermott Technology, B.V. (‘MTBV’), each a wholly owned subsidiary of McDermott, as co-borrowers, and various other subsidiaries, as guarantors, entered into Amendment No. 3 (the “Credit Agreement Amendment”) to the Credit Agreement, dated May 10, 2018 (as amended, the “Credit Agreement”), by and among MTA, MTUS and MTBV, as co-borrowers, McDermott, as a guarantor, the Guarantors, a syndicate of lenders and letter of credit issuers, Barclays Bank PLC, as administrative agent for the term facility under the Credit Agreement, and Crédit Agricole Corporate and Investment Bank, as administrative agent for the other facilities under the Credit Agreement. Also, on January 9, 2020, McDermott, as a guarantor, and MTA, MTUS and MTBV, as co-applicants, and the Guarantors, entered into Amendment No. 3 to the Letter of Credit Agreement dated October 30, 2018, by and among McDermott, as guarantor, MTA, MTUS and MTBV, as co-applicants, and the Guarantors. The Credit Agreement Amendment: amends the events of default to provide that, through January21, 2020, the acceleration of MTA’s and MTUS’ 10.625% Senior Notes due 2024 will not constitute an event of default; and amends the Credit Agreement to allow ordinary course auto-renewals of letters of credit despite any acceleration, bankruptcy, or other event of default. Like the Credit Agreement Amendment, the LC Agreement Amendment: amends the events of default to provide that, through January21, 2020, the acceleration of the Senior Notes will not constitute an event of default; and amends the Letter of Credit Agreement to allow ordinary course auto-renewals of letters of credit despite any acceleration, bankruptcy, or other event of default. The foregoing descriptions of the Credit Agreement Amendment and the LC Agreement Amendment are qualified in their entirety by reference to the full text of the Credit Agreement Amendment and the LC Agreement Amendment, copies of which are filed hereto as Exhibits 10.1 and 10.2, respectively, to this report and are incorporated herein by reference.