0000876661-20-000087.txt : 20200206
0000876661-20-000087.hdr.sgml : 20200206
20200206133120
ACCESSION NUMBER: 0000876661-20-000087
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20200206
DATE AS OF CHANGE: 20200206
EFFECTIVENESS DATE: 20200206
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: MCDERMOTT INTERNATIONAL INC
CENTRAL INDEX KEY: 0000708819
STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED PLATE WORK (BOILER SHOPS) [3443]
IRS NUMBER: 720593134
STATE OF INCORPORATION: R1
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08430
FILM NUMBER: 20582103
BUSINESS ADDRESS:
STREET 1: 777 N. ELDRIDGE PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77079
BUSINESS PHONE: 281-870-5000
MAIL ADDRESS:
STREET 1: 777 N. ELDRIDGE PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77079
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
0000708819
MCDERMOTT INTERNATIONAL INC
001-08430
757 N. Eldridge Pkwy.
Houston
TX
TEXAS
77079-4526
(281) 870-5000
Common Stock
17 CFR 240.12d2-2(b)
Victoria Paper
Lead Analyst
2020-02-06
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ('NYSE' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the entire class of the common stock ('Common Stock') of McDermott International, Inc. (the 'Company') from listing and registration on the Exchange at the opening of business on February 17, 2020, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Common Stock is no longer suitable for continued listing and trading on the Exchange.
The Exchange reached its decision pursuant to Section 802.01D of the Listed Company Manual (the "Manual) based on the Company's January 22, 2020 announcement that it had commenced the prepackaged Chapter 11 filing in the United States Bankruptcy Court for the Southern District of Texas. Section 802.01D of the Manual states that the Exchange would normally give consideration to suspending or removing from the list a security of a company when 'an intent to file under any of the sections of the bankruptcy law has been announced or a filing has been made or liquidation has been authorized and the company is committed to proceed'.
The Exchange, on January 22, 2020, determined that the Common Stock of the Company should be suspended from trading, and directed the preparation and filing with the Commission of this application for the removal of the Common Stock from listing and registration on the Exchange. The Company was notified by phone and letter on January 22, 2020.
Pursuant to the above authorization, on January 22, 2020, a press release regarding the proposed delisting was issued and posted on the Exchange's website and trading in the Common Stock were suspended prior to the market open.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the 'Committee') the determination to delist the Common Stock, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.