MRC Global Announces Closing of $750 Million Asset-Based Loan Facility
MRC Global Inc. (MRC)
Last mrc global inc. earnings: 4/28 04:15 pm
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US:NYSE Investor Relations:
investor.mrcglobal.com/investor-overview
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Source: GlobeNewswire
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), announced today that it has amended its asset-based revolving loan facility (“ABL”), extending its maturity to November 2029. The amended ABL has a committed borrowing capacity of $750 million. The terms of the ABL are substantially the same as the previous facility with a borrowing rate of Term SOFR plus a margin ranging from 1.25% to 1.75%, based on the company’s fixed charge coverage ratio. Rob Saltiel, MRC Global President & CEO stated, “We are pleased to have successfully closed on our amended ABL credit facility with favorable terms and an extended maturity. This transaction, along with our new 7-year Term Loan B announced last week that helped fund the repurchase of our convertible preferred stock, strengthens our company’s capital structure and de-risks our dependence on near-term capital markets for credit support.” About MRC Global Inc. Headquartered in Houston, Texas, MRC Global (NYSE: MRC) is the
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- Earnings Beat: MRC Global Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- MRC Global Inc. (NYSE: MRC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- MRC Global Inc. (NYSE: MRC) had its price target raised by analysts at Susquehanna from $16.00 to $17.00. They now have a "positive" rating on the stock.MarketBeat
MRC
Earnings
- 11/5/24 - Beat
MRC
Sec Filings
- 11/20/24 - Form 8-K
- 11/15/24 - Form 144
- 11/13/24 - Form 8-K
- MRC's page on the SEC website