Liability management exercises · defined & tracked

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McDermott

2019 · US / Europe · Dropdown · Bankruptcy

In October 2019 entered a $1.7 billion superpriority credit facility, amending its credit agreement to permit priming debt; it filed for bankruptcy shortly after.

Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 6.46, 23.11, 23.43–23.45, 23.64.