Showing: 1-10 of 136
  • MRC Global Elects Henry Cornell to the Board of Directors

    HOUSTON, June 11, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that Henry Cornell has joined its board of directors.

    Mr. Cornell is the founder and senior partner of Cornell Capital LLC, a private investment firm based in New York and Asia that currently manages over $2.2 billion of assets. In June 2015, an affiliate of Cornell Capital invested $363 million in MRC Global through a preferred stock financing. Pursuant to the terms of that preferred stock transaction, the holder of the preferred stock has designated Mr. Cornell as a director to the company's board of directors. Mr. Cornell was then elected by the company's board of directors. [Read Full Press Release]

  • MRC Global Announces Second Quarter 2018 Earnings Release and Conference Call Schedule

    HOUSTON, June 6, 2018 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release second quarter 2018 results on Wednesday, August 1, 2018 after the market closes. In conjunction with the release, the Company will host a conference call, which will be webcast, on Thursday, August 2, 2018 at 10:00 a.m. Eastern / 9:00 a.m. Central. [Read Full Press Release]

  • MRC Global Reprices Term Loan B

    HOUSTON, May 22, 2018 /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 a repricing of its $399 million Term Loan B. [Read Full Press Release]

  • MRC Global Announces First Quarter 2018 Results

    Sales of $1.010 billion

    Net income attributable to common stockholders of $12 million

    Diluted earnings per common share of $0.13

    Adjusted EBITDA of $59 million


    HOUSTON, May 2, 2018 /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 first quarter 2018 results. [Read Full Press Release]

  • MRC Global Announces Fourth Quarter and Full Year 2017 Results

    Fourth Quarter 2017:

    Sales of $903 million

    Net income attributable to common stockholders of $29 million

    Adjusted EBITDA of $43 million


    Full Year 2017:

    Sales of $3.646 billion

    Net income attributable to common stockholders of $26 million

    Adjusted EBITDA of $179 million


    HOUSTON, February 15, 2018 /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 fourth quarter 2017 results. [Read Full Press Release]

  • 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]