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BRIEF-MRC Global to refinance senior secured notes

Oct 4 (Reuters) - MRC Global Inc :

* Announces intention to refinance senior secured notes

* To refinance the company's $861 million in outstanding 9.5% senior secured

notes due 2016

* Says will seek to enter into a senior secured $750 million seven-year term

loan B credit facility

* Expects to use proceeds of such a new term loan to redeem all of co's

outstanding 9.5% senior secured notes due 2016

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