|
|
News Breaks | | | | October 25, 2012 | | 05:02 EDT |  | MRC | MRC Global to enter new $650m term load and to redeem notes due 2016
MRC Global announced that its loan arrangers have received preliminary commitments from interested lenders and that they have allocated participations based on these commitments for the company to enter into a new $650 million seven-year senior secured Term Loan B. The company expects to use the proceeds of the new term loan, together with a draw under the company's global asset-based lending, or ABL, facility, to redeem all of the $861M in outstanding 9.50% Senior Secured Notes due 2016 of McJunkin Red Man Corporation, a wholly owned subsidiary of the company. | |
|
News For MRC From The Last 14 Days Check below for free stories on MRC the last two weeks. |
|
|
| There are no results for MRC |
|
|
|
|
|
|
