Engineering company and oilfield services provider McDermott International, which employs about 40,000 people, said it is talking to lenders about possibly filing for bankruptcy in the coming weeks, it was reported.
The Wall Street Journal and Bloomberg reported Monday that the Houston-based firm, which builds oil platforms and plants for energy companies, is discussing receiving a $2 billion bankruptcy loan from lenders Baupost Group LLC and HPS Investment Partners LLC. The media outlets cited people close to the discussions.
