Arias, Fábrega & Fábrega acted as local counsel to McDermott International, Inc. in an amendment to a credit agreement dated May 3, 2010, with Credit Agricole Corporate and Investment Bank, as administrative agent, collateral agent, joint lead arranger and joint bookrunner for a lender group.

The amended credit agreement, among other things, extended the scheduled maturity date of the credit facility from May 3, 2014 to August 19, 2016; increased the aggregate lender commitments from US$900 million to US$950 million for all revolving loan and letter of credit commitments under the agreement; reduced the interest rate, commitment fee and letter of credit fee payable under the credit agreement and increased permitted capital expenditures from US$400 million to US$600 million per year.