The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital.
McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate $4.6 billion of debt.
The company announced the confirmation of its plan of reorganization on Thursday, March 12.
Brazil Energy Insight 
Leave a comment