MRC Global Inc. announced that it has amended its asset-based revolving loan facility (?ABL?), extending its maturity to November 2029. The amended ABL has a committed borrowing capacity of $750 million. The terms of the ABL are substantially the same as the previous facility with a borrowing rate of Term SOFR plus a margin ranging from 1.25% to 1.75%, based on the company?s fixed charge coverage ratio.
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- MRC Global Inc. Announces Closing of $750 Million Asset-Based Loan Facility