Search results
1 results found Showing page 1 of 1
Refine Search
Article Categories
Strategy Tags
Geography Tags
-
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
1 results found Showing page 1 of 1
Want all the latest news, comment, analysis and data?