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MDR - McDermott - An Update On Recent Events - Prepare For Bankruptcy
McDermott International Inc.
Note:
I have covered McDermott International (MDR) previously, so investors should view this as an update tomy earlier articleson the company.
Shares of ailing oil-and-gas engineering and construction company McDermott International are down almost 70% since my last article just a little over three weeks ago.
Photo: Cameron LNG Facility Construction Site at Hackberry, Louisiana - Source: Mitsui & Co.
At that time, I discussed important details of the company's new "Superpriority Credit Agreement" including required milestones for the ongoing sales process of its Lummus Technology division :