Current Report Filing (8-k)
September 15 2017 - 5:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 15, 2017
MRC GLOBAL INC.
(Exact
name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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001-35479
(Commission File Number)
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20-5956993
(I.R.S. Employer
Identification Number)
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Fulbright Tower, 1301 McKinney Street, Suite 2300
Houston, TX 77010
(Address
of principal executive offices, including zip code)
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Registrants telephone number, including area code: (877) 294-7574
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth
company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On September 15, 2017, MRC Global Inc. (the
Company) issued a press release announcing its receipt of preliminary commitments for a previously announced $400 million term loan facility (Term Loan B).
Although the arrangers of the Term Loan B have reported receipt of preliminary commitments from interested lenders and allocation of
participations in the Term Loan B based on these commitments, the closing and funding of the Term Loan B will be subject to the fulfillment of various conditions, including entering into definitive documentation with the lenders, delivery of
customary closing documents and legal opinions and delivery of collateral satisfactory to the lenders.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the
Exchange Act. Words such as will, expects, would and similar expressions are intended to identify forward-looking statements.
Despite the Companys expectations of entering into a new term loan, the terms and pricing of a term loan, the amendment of its global
ABL facility amendment, the terms of the amendment and the use of proceeds to refinance its existing term loan are only the Companys expectations regarding these actions. Whether the Company is actually successful in obtaining such a term loan
and global ABL amendment on expected terms and conditions with expected uses of proceeds is dependent on a number of factors, including (among others) debt market conditions, reaching final agreement on the definitive documentation with lenders and
the Companys financial condition, results and future prospects, which, in turn are dependent on factors, including (among others) those that impact the Companys business. These factors are more fully set out in the Companys Annual
Report on Form 10-K for the year ended December 31, 2016 that the Company has filed with the U.S. Securities and Exchange Commission, which can be viewed at www.mrcglobal.com.
Item 9.01
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Financial Statements and Exhibits
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99.1
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Press release dated September 15, 2017
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INDEX TO EXHIBITS
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: September 15, 2017
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MRC GLOBAL INC.
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By:
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/s/ Daniel J. Churay
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Daniel J. Churay
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Executive Vice President Corporate Affairs,
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General Counsel and Corporate Secretary
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