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MRC Global Simplifies Capital Structure by Securing New $350 Million Term Loan B and Repurchasing Convertible Preferred Stock

HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC), announced today that it has secured a new $350 million Senior Secured Term Loan "B" ("Term Loan") maturing in 2031. The proceeds from this loan,