McDermott secures deal for financial rescue

Financial restructuring pact backed by majority of creditors to eliminate $4.6bn of debt from balance sheet of cash-strapped US contractor

Rescue act: McDermott chief executive David Dickson — Rescue act: McDermott chief executive David DicksonPhoto: MCDERMOTT INTERNATIONAL

Steve Marshall

Oslo

Published 21 January 2020, 13:04Updated 22 January 2020, 07:53

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