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MRC Global Postpones Term Loan Refinancing Following Cornell Capital Lawsuit

MRC Global has postponed its current efforts to refinance its term loan B, which matures in September 2024 after Cornell Capital filed a lawsuit against the company in the Delaware Court of Chancery.

JPMorgan, BofA Agent MRC Global Total $1.2B Financing

MRC Global closed a new $400 million seven-year senior secured term loan B and an amendment and extension of its global senior secured ABL facility, with a new size in the amount of $800 million. JPMorgan Chase was administrative agent for the term loan, and Bank of America agented the ABL.

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Tag Archives: MRC Global

MRC Global Postpones Term Loan Refinancing Following Cornell Capital Lawsuit

JPMorgan, BofA Agent MRC Global Total $1.2B Financing