McDermott International to file parallel UK-Dutch restructurings with Ch15 in US
Credit: Shutterstock/Avigator Fortuner
Three years since Houston-headquartered oil and gas engineering group McDermott International exited a pre-packaged Chapter 11, it has entered an agreement with creditors and bank lenders that will see its UK subsidiary launch an English restructuring plan and two Netherlands entities pursue WHOA proceedings.
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