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McDermott Announces Pricing of Nordic Bond Offering as Part of Refinancing

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HOUSTON, July 1, 2026 /PRNewswire/ — McDermott International, Ltd (“McDermott” or the “Company”) today announced the pricing of USD $550 million aggregate principal amount of 10.5% senior secured first lien bonds due July 2031 in the Nordic market. Net proceeds from the bond issue will be deposited in an escrow account, with final disbursement to McDermott contingent upon satisfaction of certain conditions, including successful consummation of the other elements of the refinancing transactions. Upon disbursement, the net proceeds will be applied towards cash collateralizing Letter of Credit (LC) facilities, refinancing existing debt and general corporate purposes. An application will be made for the bonds to be listed on the Euronext Nordic ABM.

DNB Carnegie acted as Global Coordinator and Joint Bookrunner, and Clarksons Securities as Joint Bookrunner in the bond offering.

The bond offering is a core element of the Company’s previously disclosed refinancing initiatives, which include:

The Company previously announced an equity financing transaction fully backstopped by certain of its largest shareholders in the amount of USD $500 million open to shareholders who are accredited investors. For the equity rights offering, the record date has been extended to July 13, 2026, and the subscription period will expire on Monday, August 17, 2026, at 4:59 p.m. (Eastern Time).The Company has established an ex‑rights date of July 10, 2026. Shareholders of record on the July 13, 2026 record date, including those who purchase shares prior to the ex‑rights date, will be entitled to participate in the rights offering.Supplemental materials on the rights offering will be mailed to shareholders who were owners of record as of June 30, 2026. Mailing is expected to commence on July 8, 2026.The Company will hold a special general meeting of shareholders at 9:00 a.m. (Eastern Time) on July 13, 2026. The Proxy Statement for the special general meeting has been mailed to owners of record as of June 12, 2026, and is posted on the Company’s website. The meeting will be virtual without a physical location.

Management expects to close the refinancing transactions in the third quarter of 2026.

The securities contemplated to be issued have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and the securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws. In the United States, the offering and sale of any securities will be made only to persons reasonably believed to be accredited investors as defined in Rule 501(a) of Regulation D promulgated under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

This communication shall not constitute an offer to sell or a solicitation of any offer to purchase any securities, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of securities will be made solely pursuant to a private offering memorandum or term sheet, as applicable, and only to such persons and in such jurisdictions as are permitted under applicable law.

About McDermott

McDermott is a premier, fully integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 30 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

Forward-Looking Statements

McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. For detailed information regarding risks that could materially and adversely affect McDermott’s business, financial condition, results of operations or cash flows, see the information under the caption “Risk Factors” in McDermott’s Annual Report for the year ended December 31, 2025, a copy of which is available on McDermott’s website at www.mcdermott.com/investors, and in other reports and materials made public by McDermott from time to time. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement. All forward-looking statements are qualified in their entirety by this cautionary statement.

Investor Contact:      
Kevin Leader
Vice President, Treasurer
Kevin.leader@mcdermott.com
+1 (281) 870-5695

Media Contact: 
Reba Reid
Vice President, Communications
rreid@mcdermott.com
+1 (281) 219-5844

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SOURCE McDermott International, Ltd

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Hexaware and Ashoka Innovators Partner to Support Social Entrepreneurs in India

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August 25, 2026

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Empowering two Ashoka Fellows with financial support, leadership training, and global exposure

MUMBAI, India, Aug. 25, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, today announced a Corporate Social Responsibility (CSR) partnership with Ashoka Innovators for the Public (India), a non-profit organization that supports leading social entrepreneurs addressing complex societal challenges.

Through the partnership, Hexaware will provide grant support to Ashoka for two social entrepreneurs selected through Ashoka’s Fellowship process in India. The fellowship stipends will allow selected Fellows to dedicate their time to developing and expanding sustainable solutions for long-term social change.

Ashoka identifies social entrepreneurs through a rigorous selection process that evaluates the originality of their ideas, entrepreneurial qualities, and potential to address systemic challenges. The Fellowship offers selected Fellows with leadership development, strategic guidance, peer-learning opportunities, and access to a global network of social entrepreneurs and collaborators.

“At Hexaware, we believe businesses have a role to play in contributing to society beyond technology and operations,” said Dr. Ramya Kannan, Vice President & Head – CSR, Hexaware. “Through our CSR initiatives, we support efforts that create opportunities and help strengthen communities. Our partnership with Ashoka allows us to stand behind social entrepreneurs who are working to build solutions that benefit people and society.”

Dr. Shruti Nair, Leader, Ashoka Innovators for the Public, India, said, “We are delighted to partner with Hexaware in supporting social entrepreneurs at pivotal moments in their journeys. The Ashoka Fellowship provides leaders with the freedom, network, and strategic support they need to scale their ideas and create lasting change. Along with these Ashoka Fellows, we hope to strengthen a new generation of changemakers working to build an ‘Everyone a Changemaker’ world.”

The collaboration brings together Hexaware’s commitment to responsible business practices and Ashoka’s experience in advancing social innovation.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose; to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

About Ashoka

Ashoka is one of the largest networks of social entrepreneurs, founded on the belief that the most powerful force for change is an idea in the hands of the right person. Through its Young Changemakers program, Ashoka nurtures a generation of youth who are solving social problems with empathy, creativity, and an entrepreneurial spirit.

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/hexaware-and-ashoka-innovators-partner-to-support-social-entrepreneurs-in-india-302859191.html

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Singapore Prepares to Host a Major Week for Offshore Energy as World Offshore Week 2026 Approaches

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August 25, 2026

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SINGAPORE, Aug. 25, 2026 /PRNewswire/ — In just over four weeks, World Offshore Week 2026, part of the FPSO Network, will bring the offshore oil, energy and marine industries together at Singapore EXPO on 23–24 September 2026.

Free to register for industry professionals, the event will welcome 3,000+ participants, 100+ exhibitors and 70+ speakers, with eight free-to-attend exhibition-floor theatres covering offshore oil and gas, marine, renewables, digitalisation and decarbonisation.

With capacity becoming increasingly limited, industry professionals are encouraged to secure their free visitor pass today.

Register for your free World Offshore Week visitor pass

Across two days, discussions will explore vessel demand, shipyard capacity, offshore wind, decommissioning, asset integrity, cybersecurity, AI and decarbonisation.

The programme includes organisations such as PETRONAS, Woodside Energy, Eni, Hibiscus Petroleum, PT PLN, Seatrium, Noble, Hafnia, Cyan Renewables, Cadeler and Wood Mackenzie.

Three Major Industry Events in Singapore

World Offshore Week will be co-located with the 27th Annual FPSO World Congress and Energy 2040, bringing senior energy decision-makers to Singapore EXPO.

The FPSO World Congress will feature leaders from Petrobras, BW Offshore, Yinson Production, SBM Offshore, Hanwha Offshore and PTTEP, including Philip Huizenga, CEO, Carnarvon Energy; Mike McAreavey, CTO, BW Offshore; Bai Li Guo, CEO, Hanwha Offshore; and Markus Wenker, CFO, Yinson Production.

Energy 2040 will convene government, energy, regulatory, utility and LNG leaders to examine Asia’s energy security, affordability and transition.

Joining the programme is Josephine Moh, Senior Vice President and Head of Energy & Renewables, Singapore Economic Development Board (EDB), alongside Peter Govindasamy, Executive Director, Energy Studies Institute; Eugene Toh, Chief Commercial Officer & Assistant Chief Executive (Energy Technologies), Energy Market Authority; Andy R. Elliott, President, ExxonMobil LNG Asia Pacific; and Leong Wei Hung, CEO, Singapore LNG Corporation.

Organisations represented include EDB, Energy Market Authority, Chevron, ExxonMobil LNG Asia Pacific, Singapore GasCo, Singapore LNG Corporation, Cheniere Energy and JERA.

Together, the three events will bring the offshore and energy value chain to Singapore this September.

Secure your free visitor pass today

Find out more about World Offshore Week 2026

About World Offshore Week

World Offshore Week is Asia’s leading platform for the offshore oil, energy and marine sectors, connecting operators, EPCs, shipowners and technology providers.

The 2026 edition features eight exhibition-floor theatres and is co-located with Energy 2040 and FPSO World Congress.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/singapore-prepares-to-host-a-major-week-for-offshore-energy-as-world-offshore-week-2026-approaches-302859219.html

SOURCE FPSO Network

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Hollyland to Unveil New Solutions for Live Production and Content Creation at IBC 2026

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August 25, 2026

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Highlights

Hollyland to showcase new solutions for professional live production and content creation at IBC 2026 Booth 11.C28.Pyro 7 Ultra combines professional monitoring and wireless video transmission in one monitor.Argus X1 brings switching, recording, monitoring, and streaming into one live production system.Solidcom C1 Air and Solidcom SE 2 expand Hollyland’s wireless intercom lineup.New creator solutions include the LARK A2 and LARK M3 wireless microphones and the VenusLiv Air 2 streaming camera.

AMSTERDAM, Aug. 25, 2026 /PRNewswire/ — Hollyland, a global provider of professional wireless audio and video solutions, is set to introduce new solutions for professional live production and modern content creation at IBC 2026. From September 11 to 14, 2026, the company will showcase its expanded ecosystem at Booth 11.C28 in the RAI Amsterdam convention center, where visitors can explore its newest technologies and products scheduled for release later in 2026.

Expanding Live Production Portfolio

Hollyland continues to expand its product range with new solutions for professional production and content creation. At IBC 2026, the company will introduce new solutions for professional live production, designed to help production teams work more efficiently, reliably, and seamlessly in demanding environments. The new lineup includes the Pyro 7 Ultra professional wireless monitor, Argus X1 all-in-one live production switcher, and Solidcom C1 Air and Solidcom SE 2 intercom systems.

The Pyro 7 Ultra, launching on September 3, brings professional monitoring and wireless video transmission together in one 7-inch monitor. Professional productions have traditionally relied on separate wireless transmission systems and standalone field monitors, with additional cables between devices and separate power sources for each device. The Pyro 7 Ultra can serve as an on-camera monitor and transmitter, or as a handheld monitor and receiver for mobile viewing. Its QD-LCD display delivers exceptional color accuracy, with each unit factory-calibrated via Calman® to achieve a ΔE <1.5. Users can also recalibrate the display with the Hollyland Color Calibrator to maintain color accuracy over time. The system also offers 20ms latency, 1km transmission, unlimited receivers, 4K60 video transmission, and TWiFi technology.

Also debuting is Argus X1, an all‑in‑one live production switcher slated for release in December. Argus X1 consolidates switching, monitoring, recording, streaming, and content delivery into a single device. A 10.1‑inch FHD touchscreen provides intuitive control, while 4K60 video I/O and support for three Hollyland wireless transmitters expand its flexibility across multi‑camera workflows. Built‑in streaming, ISO recording, MultiView, and connectivity options including Wi‑Fi 6, 4G, and Gigabit Ethernet make Argus X1 a central hub within the Hollyland production ecosystem.

Two new intercom systems will also be introduced during the event. Solidcom C1 Air features an open‑ear design, a 42g headset, 300m wireless range, and dual‑microphone ENC for clean dialogue. Solidcom SE 2 adds intelligent frequency hopping, a 123g build, 20 dB ENC, 3.5mm audio I/O, and up to 10 hours of runtime, delivering stable performance for field and studio teams.

Empowering Modern Content Creation

Hollyland is also expanding its creator‑focused audio lineup with several new tools designed for modern podcasting and production. LARK A2, arriving in early September, offers 48 kHz/24‑bit recording, three‑level AI noise cancellation, a 200m range, and an 8.5g transmitter. Quick charging, AI power saving, intuitive controls, and a –6 dB safety track support dependable on‑the‑go capture.

Launching on September 22, the LARK M3 introduces flexible multi‑person recording with support for four transmitters and four receivers. It provides four‑track independent recording, 48 kHz/32‑bit float audio, vocal presets, 300m transmission and up to eight hours of use on a single charge. The LARK M3 is well suited for podcasts, interviews, video conversations, and multi-person content creation.

Rounding out the lineup, the VenusLiv Air 2 will arrive in November with 4K60 UVC streaming and SAR AI Tuning 2.0, while maintaining the core performance of the VenusLiv Air.

During IBC 2026, Hollyland will host Roll & Win giveaways from September 11–14. Visitors can participate for a chance to win Hollyland’s products and other prizes. On September 11, the company will unveil its new products, followed by an anniversary celebration that evening. Meanwhile, all showcased solutions will be available for hands‑on experience at Booth 11.C28 throughout the exhibition.

About Hollyland

Hollyland is a leading provider of wireless products, specializing in wireless intercom systems, video transmission systems, monitors, wireless microphones, and live streaming cameras. Since 2013, Hollyland has been serving millions of users around the world in various fields, including filmmaking, telecasting, video production, live events, exhibitions, theaters, houses of worship, and content creation. It has built a sales network covering approximately 160 countries and regions, supported by regional teams and offices worldwide. For more information, please visit https://www.hollyland.com/, Hollyland Facebook, and Hollyland Instagram.

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SOURCE Hollyland

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