Hilco Redevelopment Partners closes on $225.5 million acquisition of PES
Hilco Redevelopment Partners (HRP) – the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial property – today announced that it completed a transaction to purchase the 1300-acre former Philadelphia Energy Solutions (PES) refinery in Southwest Philadelphia. The deal is a giant step toward building an environmentally responsible and economically […]
McDermott completes its restructuring
McDermott International Ltd. (“McDermott” or the “Company”) announced that the Company has successfully completed its restructuring process. The comprehensive balance sheet restructuring equitizes nearly all of McDermott’s $4.6 billion of funded debt. The Company emerges with $2.4 billion in letter of credit capacity and $544 million of funded debt. McDermott has completed the sale of Lummus Technology to a joint partnership […]
