MRC Global Extends Asset-Based Revolving Loan

MT Newswires Live

2024/11/13

MRC Global (MRC) said late Tuesday it has amended its asset-based revolving loan facility, with a $750 million borrowing capacity, to extend maturity through November 2029.

The asset-based loan facility has a borrowing rate of term secured overnight financing rate plus a margin of 1.25% to 1.75%, the company added.

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