mcdermott - HoustonNewMedia.org https://houstonnewmedia.org/tag/mcdermott/ Building "Bridges" Across the Bayou City! Wed, 09 Jun 2021 20:02:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 mcdermott - HoustonNewMedia.org https://houstonnewmedia.org/tag/mcdermott/ 32 32 103504436 McDermott senior vice president steps back into COO role on heels of CEO shakeup https://houstonnewmedia.org/mcdermott-senior-vice-president-steps-back-into-coo-role-on-heels-of-ceo-shakeup/?utm_source=rss&utm_medium=rss&utm_campaign=mcdermott-senior-vice-president-steps-back-into-coo-role-on-heels-of-ceo-shakeup Wed, 09 Jun 2021 20:02:48 +0000 http://houstonnewmedia.org/?guid=e83d06777c529c4ac6c12823ed847a39 McDermott's former COO has been reappointed to the role.

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]]> 133382 McDermott CEO David Dickson resigns, interim CEO named https://houstonnewmedia.org/mcdermott-ceo-david-dickson-resigns-interim-ceo-named/?utm_source=rss&utm_medium=rss&utm_campaign=mcdermott-ceo-david-dickson-resigns-interim-ceo-named Mon, 07 Jun 2021 20:02:06 +0000 http://houstonnewmedia.org/?guid=8f4c9dd28fa0bda388470752a0d494b0 Dickson had been president and CEO of McDermott since December 2013. During his tenure, the company acquired Chicago Bridge & Iron Company NV in a $6 billion deal in 2018, moved to a new headquarters, and entered and exited bankruptcy.

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]]> 132822 Judge approves McDermott bankruptcy despite SEC, shareholder protests https://houstonnewmedia.org/judge-approves-mcdermott-bankruptcy-despite-sec-shareholder-protests/?utm_source=rss&utm_medium=rss&utm_campaign=judge-approves-mcdermott-bankruptcy-despite-sec-shareholder-protests Mon, 16 Mar 2020 21:03:49 +0000 http://houstonnewmedia.org/?guid=740bb7816cf3992dbcd29a81aaf25013 The bankruptcy deal will eliminate more than $4 billion of company debt.

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]]> 26643 Federal regulator objects to clause in McDermott bankruptcy https://houstonnewmedia.org/federal-regulator-objects-to-clause-in-mcdermott-bankruptcy/?utm_source=rss&utm_medium=rss&utm_campaign=federal-regulator-objects-to-clause-in-mcdermott-bankruptcy Tue, 10 Mar 2020 13:19:56 +0000 http://houstonnewmedia.org/?guid=2fb5aa3f00b747c7dca678a445dbef70 The SEC is investigating statements made by the company before its bankruptcy.

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]]> 24546 McDermott increased headcount significantly in 2019 https://houstonnewmedia.org/mcdermott-increased-headcount-significantly-in-2019/?utm_source=rss&utm_medium=rss&utm_campaign=mcdermott-increased-headcount-significantly-in-2019 Mon, 02 Mar 2020 20:20:19 +0000 http://houstonnewmedia.org/?guid=b5a5c5366a62078c0648a96fb8a04c6c The company's employment was up by more than a third in 2019, compared to the year-prior date.

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]]> 22599 Lead up to McDermott bankruptcy strained vendor relationships https://houstonnewmedia.org/lead-up-to-mcdermott-bankruptcy-strained-vendor-relationships/?utm_source=rss&utm_medium=rss&utm_campaign=lead-up-to-mcdermott-bankruptcy-strained-vendor-relationships Tue, 28 Jan 2020 21:39:25 +0000 http://houstonnewmedia.org/?guid=4c95ffd664aa87c4f86435c5c3ec5128 The company had stretched its leeway with vendors to unsustainable levels as liquidity tightened.

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]]> 14430 McDermott bankruptcy comes after fight between bondholders and lenders https://houstonnewmedia.org/mcdermott-bankruptcy-comes-after-fight-between-bondholders-and-lenders/?utm_source=rss&utm_medium=rss&utm_campaign=mcdermott-bankruptcy-comes-after-fight-between-bondholders-and-lenders Wed, 22 Jan 2020 12:00:00 +0000 http://houstonnewmedia.org/?guid=38f713be8fe5f22889349f06239553c9 The company's bondholders wanted equity in the reorganized company, and they were willing to fight to get it.

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]]> 12806 Here’s why McDermott’s forbearance isn’t bulletproof https://houstonnewmedia.org/heres-why-mcdermotts-forbearance-isnt-bulletproof/?utm_source=rss&utm_medium=rss&utm_campaign=heres-why-mcdermotts-forbearance-isnt-bulletproof Mon, 13 Jan 2020 17:39:45 +0000 http://houstonnewmedia.org/?guid=260cd3c52fc73ea02a96cd97952dc53e The company has about 35 percent of its lenders onboard with forbearance, but it needs more than half to unwind any other groups that decide to accelerate debt.

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]]> 10609 Bills Head Coach Sean McDermott on Wild Card Week vs. Houston https://houstonnewmedia.org/bills-head-coach-sean-mcdermott-on-wild-card-week-vs-houston/?utm_source=rss&utm_medium=rss&utm_campaign=bills-head-coach-sean-mcdermott-on-wild-card-week-vs-houston Mon, 30 Dec 2019 22:05:59 +0000 http://houstonnewmedia.org/?guid=b4d64dd0a56d93fbd31a5cf3a4c79b66 The post Bills Head Coach Sean McDermott on Wild Card Week vs. Houston appeared first on HoustonNewMedia.org.

]]> 6622 McDermott to negotiate restructuring as it staves off default https://houstonnewmedia.org/mcdermott-to-negotiate-restructuring-as-it-staves-off-default/?utm_source=rss&utm_medium=rss&utm_campaign=mcdermott-to-negotiate-restructuring-as-it-staves-off-default Thu, 05 Dec 2019 13:14:33 +0000 http://houstonnewmedia.org/?guid=448e66f00d1e3cd7bc096b9859f51b35 The company has entered into a forbearance agreement with some of its creditors after skipping an interest payment.

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]]> 571 McDermott expands board, appoints new chief accounting officer https://houstonnewmedia.org/mcdermott-expands-board-appoints-new-chief-accounting-officer/?utm_source=rss&utm_medium=rss&utm_campaign=mcdermott-expands-board-appoints-new-chief-accounting-officer Mon, 25 Nov 2019 19:44:25 +0000 http://houstonnewmedia.org/?guid=7f4383d2587ce4e0212e7113ed6ba3e1 McDermott appointed a chief accounting officer weeks after a shakeup in the CFO position earlier in November.

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