MRC Global announces $102 million second-quarter buyback of 9½% notes

By Ashley Montgomery

Kansas City, Kan., June 18 - MRC Global Inc. repurchased $102 million of its 9½% senior secured notes due 2016 during the second quarter of 2012, according to a filing with the Securities and Exchange Commission.

The notes were repurchased at 108.28, for a total price of $110.4 million.

The company said it funded the repurchase with borrowings from its global asset-based lending facility.

MRC Global is a supplier of PVF products and services in energy and industrial markets.

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