Pryor Cashman has been retained as counsel to UMB Bank, N.A., as indenture trustee to $1.3 billion in senior notes issued by affiliates of McDermott International, Inc. (“MDR”), in the MDR bankruptcy case.  MDR, a multinational engineering, procurement, construction and installation company, and certain of its affiliates, filed for bankruptcy on January 21, 2020 in the United States Bankruptcy Court for the Southern District of Texas. 

The Pryor Cashman Team

Representing UMB Bank, N.A. are Partners Seth H. Lieberman and Patrick Sibley and Associate Matthew W. Silverman, members of Pryor Cashman’s Corporate Trust Practice and Bankruptcy, Reorganization and Creditors’ Rights Group. 

Lieberman, Sibley, and Silverman regularly represent indenture trustees and agents in notable U.S. bankruptcies, including FirstEnergy Solutions, Corp, Ditech Holding Corporation, iHeartMedia, Inc., EXCO Resources, Inc., Cenveo, Inc., Gibson Brands, Inc., Claire’s Stores, Inc., Southeastern Grocers, LLC, and Caesars Entertainment Operating Company, Inc.