Edition:
United States

MRC Global Inc (MRC.N)

MRC.N on New York Stock Exchange

17.74USD
4:02pm EDT
Change (% chg)

$0.18 (+1.03%)
Prev Close
$17.56
Open
$17.74
Day's High
$17.81
Day's Low
$17.58
Volume
132,566
Avg. Vol
224,154
52-wk High
$22.52
52-wk Low
$13.68

Latest Key Developments (Source: Significant Developments)

MRC global announces preliminary commitments on senior secured term loan
Friday, 15 Sep 2017 05:24pm EDT 

Sept 15 (Reuters) - Mrc Global Inc :MRC clobal announces preliminary commitments on senior secured term loan.MRC global - ‍its loan arrangers got preliminary commitments from interested lenders in respect of a new $400 million seven-year senior secured term loan B​.MRC Global Inc - ‍Company expects to use proceeds of term loan B to refinance company's existing term loan obligations​.MRC Global - To record charge on completion of financing of term loan B; about $4 million related to write-off of original issue discount, debt issuance costs​.  Full Article

MRC Global Inc plans to refinance senior secured term loans
Tuesday, 5 Sep 2017 05:32pm EDT 

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​.  Full Article

ExxonMobil selects MRC Global as primary valve provider
Tuesday, 22 Aug 2017 04:15pm EDT 

Aug 22 (Reuters) - Mrc Global Inc :MRC Global Inc says its unit ‍has signed an agreement to be primary global provider of valve and valve products and services to ExxonMobil​.‍Agreement includes all of ExxonMobil's global projects and maintenance, repair and operations​.MRC Global - ‍agreement's initial implementation focused on downstream U.S. business unit, followed by EU and, most recently added, Asia Pacific region​.  Full Article

MRC Global sees 2017 annual revenue up 18-24 pct in 2016
Friday, 4 Aug 2017 05:02am EDT 

Aug 4 (Reuters) - Mrc Global Inc :Sees 2017 annual revenue up 18 percent to 24 percent over 2016 - SEC filing.Sees 2017 capital expenditures of $45 million.FY 2017 revenue view $3.67 billion -- Thomson Reuters I/B/E/S.  Full Article

MRC Global Q2 sales $922 million
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - MRC Global Inc :MRC Global announces second quarter 2017 results.Q2 earnings per share $0.00.Q2 sales $922 million versus i/b/e/s view $916.9 million.Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S.  Full Article

Israel Englander reports 5.1 pct passive stake in MRC Global
Monday, 31 Jul 2017 05:34pm EDT 

July 31 (Reuters) - Mrc Global Inc -:Israel Englander reports 5.1 percent passive stake in MRC Global Inc as of July 27 - sec filing.  Full Article

MRC Global renews integrated supply agreement with Nisource Inc
Monday, 17 Jul 2017 06:30am EDT 

July 17 (Reuters) - MRC Global Inc ::MRC Global renews integrated supply agreement with Nisource Inc.MRC Global Inc- unit, MRC Global (US) has extended its contract to provide integrated supply services and gas distribution products to Nisource Inc​.  Full Article

MRC Global awarded multiple Nordic project and MRO contracts
Monday, 17 Jul 2017 06:30am EDT 

July 17 (Reuters) - MRC Global Inc ::MRC Global awarded multiple nordic project and mro contracts.MRC Global Inc - MRC Global Norway AS, will provide specialty and high alloy valves other special items for Statoil's Johan Castberg project.MRC Global - MRC Global named provider of instrument tubing, other products, to Deutsche Erdoel AG's dvalin project in Norwegian continental shelf.  Full Article

MRC Global- Weatherford Canada partnership filed suit in court against Europump Systems, 3 of Europump's part suppliers, midfield supply
Monday, 26 Jun 2017 05:09pm EDT 

June 26 (Reuters) - MRC Global Inc ::MRC Global Inc - Weatherford Canada partnership filed a suit in court against Europump Systems Inc, 3 of Europump's part suppliers, midfield supply.MRC Global Inc - midfield supply is now known as mrc global (canada) ULC, Canadian subsidiary of mrc global inc - sec filing.MRC Global Inc - midfield and Europump and certain individual defendants and related entities settled case.Mrc global - as part of settlement, MRC Global (Canada) ULC agreed to pay cad $8.125 million in exchange for release from Weatherford, agreement to dismiss case.MRC Global - co originally reserved cad $4 million associated with lawsuit, in connection with settlement, will increase reserve by cad $4.125 million in q2 2017.  Full Article

MRC Global renews global PVF contract with Chevron
Wednesday, 7 Jun 2017 04:15pm EDT 

June 7 (Reuters) - MRC Global Inc ::MRC global renews global PVF contract with chevron.MRC Global Inc - has extended its worldwide master contract with Chevron Corporation for seven more years.  Full Article

BRIEF-MRC global announces preliminary commitments on senior secured term loan

* MRC clobal announces preliminary commitments on senior secured term loan