McDermott International Holdings Files for Chapter 15 Bankruptcy

McDermott International Holdings has filed for Chapter 15 bankruptcy protection in the Southern District of Texas court, according to a court filing.

• The company is subject of court proceeding in the Netherlands
• NOTE: Chapter 15 bankruptcy protects company’s US assets while restructuring arrangements are worked out elsewhere
• NOTE: In Sept., McDermott Merger Suit Class Should Be Denied, Magistrate Says
  • McDermott Inks Deal to Restructure Debt, Boost Finances

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Eduard Gismatullin

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