Brief: MRC Global Says Launching Term Loan B Financing To Fund Repurchase

MRC Global

15/10/2024 12:29

Oct 15 (Reuters) - MRC Global Inc  MRC.N :
    * MRC GLOBAL ANNOUNCES ACTIONS TO STRENGTHEN ITS CAPITAL
STRUCTURE
    * : LAUNCHES TERM LOAN B FINANCING TO FUND REPURCHASE
    * SEES Q3 REVENUE OF ABOUT $797 MILLION
    * MRC GLOBAL: LAUNCHING $350 MILLION TERM LOAN B FINANCING
WITH
EXPECTED TERM OF SEVEN YEARS
    * Q3 REVENUE VIEW $798.4 MILLION -- LSEG IBES DATA
    * MRC GLOBAL: PURSUING AMENDMENT TO ITS ABL FACILITY THAT
WOULD
EXTEND ITS TERM UNTIL 2029
    * MRC GLOBAL: WILL REPURCHASE PREFERRED STOCK FOR ABOUT $361
MILLION

Source text for Eikon:  ID:nGNX8bJhrx 
Further company coverage:  MRC.N 

 ((Reuters.Briefs@thomsonreuters.com;))