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
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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2020-03-16 (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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2020-01-21 (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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2019-09-20 (wsj.com)
Distressed Debt Trading Overshadows Corporate Bond Market
A sharp rally in the bonds of three distressed companies—McDermott International, California Resources and PG&E—dominated trading in the corporate bond market.
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2018-04-04 (globenewswire.com)
McDermott International, Inc. Announces Pricing of $1.3 Billion of 10.625% Senior Unsecured Notes due 2024
HOUSTON, April 04, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) (“McDermott”) today announced that McDermott Technology (Americas),...
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