MDR Stock Trades Near Lows With Bankruptcy ‘Weeks Away’
MDR stock is continuing to sink through January after sources close to McDermott International Inc (NYSE:MDR) said that the company was in talks with lenders to file for bankruptcy within weeks. MDR Stock Collapses on ... [Read]
MDR Stock Gains as Company Gains Access to $250 Million in Financing
MDR stock is soaring today after troubled energy engineering firm McDermott International (NYSE:MDR) announced that it had gained access to the second tranche of the $1.7 billion secured credit facility announced on October 21, 2019. MDR ... [Read]
MDR Stock Plunges on Higher Q3 Losses, CFO Resigns
MDR stock slumped after McDermott International Inc (NYSE:MDR) reported a worse than expected third-quarter loss and weaker than expected revenues. Weak Earnings The energy sector has had its fair share of bumps this year, and ... [Read]
MDR Stock Sinks as Outlook Concern Outweighs Financing Lifeline
MDR stock is down 12% today despite McDermott International (NYSE:MDR) coming to an agreement with lenders to access up to $1.7 billion USD in financing in order to help the embattled energy engineering and construction ... [Read]
MDR Stock Sinks as Company Seeks Bridging Loan to Avoid Bankruptcy
MDR stock is down over 5.5% today amid reports that McDermott International Inc (NYSE:MDR) is seeking a bridging loan to avoid bankruptcy. MDR Stock Down Nearly 70% This Year The company is seeking a loan ... [Read]
MDR Stock Plummets as Company Brings in Turnaround Consultants
McDermott International Inc. (NYSE:MDR) has enlisted AlixPartners LLP to help stem its heavy losses, with MDR stock plummeting 22%. McDermott, an American oil and gas engineering firm, has been struggling in recent quarters and posted ... [Read]