Kirkland Advises McDermott on Successful Sanction of Restructuring Plan Involving Approximately $2.6B of Secured Debt Claims, Discharge and Release of Approximately $2B of Unsecured Litigation Claims
March 01, 2024
March 01, 2024
CHICAGO, Illinois, March 1 -- Kirkland and Ellis, a law firm, issued the following news release:
Kirkland & Ellis is advising McDermott International, a global engineering and construction business, on the cross-border restructuring of approximately $2.6 billion of the group's secured debt facilities and a comprehensive discharge and release of approximately $2 billion in unsecured litigation claims. The restructuring is being implemented through Restructuring Plan proceedi . . .
Kirkland & Ellis is advising McDermott International, a global engineering and construction business, on the cross-border restructuring of approximately $2.6 billion of the group's secured debt facilities and a comprehensive discharge and release of approximately $2 billion in unsecured litigation claims. The restructuring is being implemented through Restructuring Plan proceedi . . .