McDermott International, Inc. Announces Comprehensive Prepackaged Restructuring Transaction To De-Lever Balance Sheet And Eliminate Over $4.6B In Debt; Co. Expects To Be Delisted From NYSE As A Result Of Upcoming Chapter 11 Filing

- Financial restructuring transaction supported by more than two-thirds of all funded debt creditors - Transaction to equitize nearly all funded debt; company to emerge with committed letter of credit financing and only

Financial restructuring transaction supported by more than two-thirds of all funded debt creditors - Transaction to equitize nearly all funded debt; company to emerge with committed letter of credit financing and only · 01/21/2020 12:56