McDermott International Inc.
Location
Texas
Founded
1976-02-28
Website
Risk Signals
1330 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Oil and Gas Field Services, Not Elsewhere Classified, Water, Sewer, Pipeline, and Communications and Power Line Construction, Fabricated Plate Work (Boiler Shops)), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about McDermott International Inc.
Live alerts from global media, monitored by Business Radar
2023-09-11 (lngjournal.com)
McDermott reaches support agreements on debt to proceed seamlessly with global LNG and energy projects
McDermott International, the US energy and liquefied natural gas project engineering company, has reached support agreements with more than 75 percent...
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2023-09-08 (bloomberglaw.com)
McDermott Inks Deal to Restructure Debt, Boost Finances
McDermott International Ltd. reached a deal with its creditors and stockholders to gain financial breathing room by pushing out maturities and raising fresh cash, according to a statement seen by Bloomberg.
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2021-02-06 (cfo.com)
Oilfield Services Company McDermott Files for Bankruptcy - CFO
The prepacked Chapter 11 bankruptcy plan includes $2.8 billion in operating cash and elimination of more than $4.6 billion of debt.
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2020-06-30 (houstonchronicle.com)
Houston-based McDermott International exits bankruptcy
Houston oil field service company McDermott International shed $4.6 billion debt after...
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2020-05-02 (rigzone.com)
McDermott to Seek Bankruptcy and Sell Lummus Unit
The company will file for bankruptcy after it reached an agreement with creditors to tackle debt acquired through a botched acquisition.
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2020-03-16 (rigzone.com)
McDermott's Chapter 11 Plan, Lummus Sale Gets Court Approval
The company will complete a restructuring transaction that will eliminate over $4.6 billion of debt.
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2020-03-11 (constructiondive.com)
Judge approves McDermott reorganization, $2.7B sale of Lummus Technology
The confirmation by a U.S. Bankruptcy Court eliminates more than $4.6 billion of debt for the beleaguered energy contractor.
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2020-01-21 (thestreet.com)
McDermott International to File Under Chapter 11 of Bankruptcy Law
Engineering company McDermott International said it would file under Chapter 11 of the bankruptcy laws in an effort to eliminate more than $4.6 billion of debt via an equity swap.
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2020-01-21 (prnewswire.com)
McDermott International, Inc. Announces Comprehensive Prepackaged Restructuring Transaction to De-Lever Balance Sheet and Immediately Position Company for Long-Term Growth
/PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) ("McDermott") today announced that it has the support of more than two-thirds of all its funded debt...
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2019-11-08 (worldoil.com)
McDermott debt may be prelude to a bankruptcy loan
McDermott International Inc.’s $1.7 billion super-senior credit facility could give an indication of terms if the struggling engineering and construction firm were to convert the debt into a bankruptcy loan.
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2019-09-25 (worldoil.com)
McDermott seeking bridge loan until it can sell assets
McDermott International is seeking a bridge loan to help it cover a working-capital deficit of about $1.7 billion until it can sell an asset such as its Lummus Technology unit, according to a person with knowledge of the matter.
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2019-09-23 (wsj.com)
McDermott International Hires Law Firm Kirkland & Ellis to Advise on Restructuring
McDermott International Inc.’s debt talks are heating up with the struggling engineering firm hiring Kirkland & Ellis LLP to advise on efforts to restructure its balance sheet, according to people familiar with the matter.
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