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BRIEF-MRC Global Inc plans to refinance senior secured term loans
September 5, 2017 / 10:08 PM / 3 months ago

BRIEF-MRC Global Inc plans to refinance senior secured term loans

Sept 5 (Reuters) - Mrc Global Inc

* Mrc global inc. Announces intention to refinance the company’s senior secured term loans

* Mrc global - to refinance in full company’s $414 million in outstanding principal amount of senior secured term loans under its existing term loan b​

* Mrc global inc - ‍intends to amend its existing asset based lending facility to extend maturity to 2022 and size new abl facility at $800 million​

* Mrc global inc - ‍company will seek to enter into a new, seven-year senior secured $400 million term loan b credit facility​

* Mrc global - ‍expects to use proceeds of new term loan facility to repay in full all indebtedness outstanding under existing term loan facility​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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