McDermott International Inc (NYSE:MDR) Expects To File For Bankruptcy: McDermott Seeks Bankruptcy Loan Of $2 Billion From HPS Investment Partners

McDermott International Inc (NYSE:MDR) expects to file for bankruptcy in the next few weeks. The company is in discussions with Baupost Group LLC and HPS Investment Partners for a bankruptcy loan of $2 billion. The company will use the funds for continuing its regular operations. McDermott stock trades $0.67 (down 0.98%) on January 2, 2019. […]