- Agrees to Repurchase Preferred Stock
- Launches Term Loan B Financing to Fund Repurchase
- Pursues Amendment to ABL Facility to Extend Maturity
- Provides 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 completion of a successful term loan financing.