MRC Global (MRC) Announces Actions to Strengthen Its Capital Structure
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MRC Global Announces Actions to Strengthen Its Capital Structure
October 15, 2024 7:19 AM EDTAgrees to Repurchase Preferred Stock
Launches Term Loan B Financing to Fund RepurchasePursues Amendment to ABL Facility to Extend MaturityProvides Preliminary Third Quarter 2024 Financial Results
HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that it has agreed to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock as part of an agreement with Mario Investments, LLC, the holder of the preferred stock, which is contingent upon, among other things, the... More
