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McDermott slips into bankruptcy with CLOs holding almost $1 billion
4 years ago
42 CLO managers hold $957.6 million of the debt of McDermott International, which filed for Chapter 11 bankruptcy on Tuesday. Under the plan, McDermott’s term loan and revolving lenders will receive 94% of McDermott’s reorganised equity and $500 million in take back senior secured term loans. Term loan claims are expected to recover 84%, according to a disclosure statement -
Citi's European CLO chief takes on bigger role
9 years ago
After a successful 2013, Citi's head of European CLO origination has recently taken on additional responsibilities at the bank.
2 results found Showing page 1 of 1
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