HOUSTON , May 08, 2023 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced first quarter 2023 results.

MRC Global Has Determined Not to Proceed with the Refinancing at this Time Since Cornell Capital’s Litigation Has Complicated the Execution of the Refinancing on Favorable Terms MRC Global Believes it Has Sufficient Capacity under its Existing Credit Facilities if Required to Pay its Term Loan

HOUSTON , April 25, 2023 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today commented on a lawsuit filed by Mario Investments LLC , an affiliate of Cornell Capital LLC , the sole holder of MRC Global’s 6.50% Series A Convertible Perpetual Preferred Stock.