MRC Global in the News

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Press Releases

  • MRC Global Renews PVF Distribution Framework Agreement with DCP Midstream, LP

    HOUSTON, Jan. 17, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced that its subsidiary, MRC Global (US) Inc., has renewed a five year contract to supply pipe, valve and fitting (PVF) products and services to DCP Midstream, LP (DCP). The five-year contract includes both maintenance, repair and operations (MRO) and project work.

  • MRC Global Announces Fourth Quarter 2017 Earnings Release and Conference Call Schedule

    HOUSTON, Jan. 4, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release fourth quarter 2017 results on Thursday, February 15, 2018 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Friday, February 16, 2018 at 10:00 a.m. Eastern / 9:00 a.m. Central. [Read Full Press Release]

  • MRC Global Announces Third Quarter 2017 Results and $100 Million Share Repurchase Program

    Sales of $959 million

    Net loss attributable to common stockholders of $(3) million

    Adjusted EBITDA of $56 million

    HOUSTON, November 2, 2017 /PRNewswire/ -- – MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced third quarter 2017 results. [Read Full Press Release]

  • MRC Global Elects Deborah Adams to the Board of Directors

    HOUSTON, Oct. 31, 2017 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that Deborah G. Adams has joined MRC Global's Board of Directors.

    Ms. Adams, has over 30 years of management and operational experience at Phillips 66, an energy manufacturing and logistics company, as well as its predecessor companies. She has held a variety of roles including procurement, corporate strategy, commercial and business development, information systems and engineering. Her global experience covers the energy value chain with a heavy focus on both midstream and downstream. [Read Full Press Release]

  • MRC Global Announces Completion of Senior Secured Term Loan and Asset Based Lending Facility Financings

    HOUSTON, Sept. 25, 2017 /PRNewswire/ -- MRC Global Inc. (NYSE:MRC) announced today that it has completed its previously announced financings of a new $400 million seven-year senior secured Term Loan B and an amendment and extension of its global senior secured asset based lending (ABL) facility, with a new size in the amount of $800 million. The Term Loan B matures in September 2024, and the ABL facility expires in September 2022. Under the Term Loan B, the company may elect to pay interest either at a rate based on LIBOR, subject to a floor of 1.00%, plus a 350 basis point margin, or at an alternative base rate. Under the ABL facility, the company may elect to pay interest on outstanding loans from time to time at a rate based on LIBOR plus an applicable margin ranging from 1.75% to 1.25% (based on availability under the ABL facility), or at an alternative base rate. U.S. borrowings under the ABL facility prior to December 1, 2017 will be at LIBOR plus a 175 basis point margin. [Read Full Press Release]

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