WP_Post Object ( [ID] => 295616 [post_author] => 103 [post_date] => 2023-09-11 02:10:00 [post_date_gmt] => 2023-09-11 02:10:00 [post_content] =>

Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push out debt maturities and deliver a new cash injection. The company has secured backing from most of its key creditors to extend repayment deadlines on its letter of credit facility and term loans to 2027.  …

[post_title] => McDermott seals debt restructuring deal [post_excerpt] => Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push out debt maturities and deliver a new cash injection. The company has secured backing from most of its key c... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => mcdermott-seals-debt-restructuring-deal [to_ping] => [pinged] => [post_modified] => 2023-09-11 02:30:00 [post_modified_gmt] => 2023-09-11 02:30:00 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=192940 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )