McDermott's bankruptcy and its impact on Australian operations

TWO days ago, global engineering and construction firm McDermott filed bankruptcy, lodging Chapter 11 documents in a Houston Court.

McDermott's bankruptcy and its impact on Australian operations McDermott's bankruptcy and its impact on Australian operations McDermott's bankruptcy and its impact on Australian operations McDermott's bankruptcy and its impact on Australian operations McDermott's bankruptcy and its impact on Australian operations

 

The vertically integrated company hopes to emerge from bankruptcy under new ownership with a plan to equitise nearly a large chunk of the company's debt - around US$4.6 billion (A$6.7 billion).