McDermott expects second amended plan to take effect June 30 or after

By Caroline Salls

Pittsburgh, June 25 – McDermott International, Inc.’s second amended pre-packaged plan of reorganization is expected to take effect on or after June 30, according to a notice filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

The plan was confirmed on March 14.

The company said it would file a further notice officially announcing the plan effective date.

McDermott is a Houston-based provider of technology, engineering and construction solutions to the energy industry. The company filed bankruptcy on Jan. 21 under Chapter 11 case number 20-30336.

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