McDermott to begin bankruptcy process, plans to sell Lummus Technology

McDermott to begin bankruptcy process, plans to sell Lummus Technology
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

24.01.2020

MOSCOW (MRC) -- McDermott International, Inc.В has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over USD4.6 billion of debt, according to Hydrocarbonprocessing.The restructuring transaction will be implemented through a prepackaged Chapter 11

Full article at mrcplast.com

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