8-K 1 d14007e8vk.txt MCDERMOTT INTERNATIONAL, INC. - DATED 3/25/2004 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2004 McDERMOTT INTERNATIONAL, INC. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) REPUBLIC OF PANAMA 001-08430 72-0593134 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission) (IRS Employer of incorporation) File No.) Identification No.) 1450 Poydras Street, New Orleans, Louisiana 70112-6050 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including Area Code: (504) 587-5400 Item 5. Other Events On March 25, 2004, Moody's Investors Service downgraded the ratings of J. Ray McDermott, S.A. ("JRM") to Caa1 from B3. McDermott Inc.'s ("MI") B3 senior unsecured rating and parent company McDermott International, Inc.'s ("MII") (P)Caa1/(P)Caa3/(P)Ca senior unsecured/subordinated/preferred stock shelf ratings were not affected by the downgrade. The outlook for all the above ratings remains negative. Moody's announced the downgrade in a release issued on March 25, 2004. A copy of that release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. McDERMOTT INTERNATIONAL INC. By: /s/Thomas A. Henzler --------------------------------------- Thomas A. Henzler Vice President and Corporate Controller March 25, 2004 3 INDEX TO EXHIBITS
Exhibit Number Description ------- ------------------------------------------------------ 99.1 Moody's Investors Service release dated March 25, 2004
4