McJunkin planning to issue $1B in notes

Dec 13, 2009 | 07:00 PM |

Pipe distributor McJunkin Red Man Corp. is planning to issue $1 billion worth of senior secured notes to raise money to repay debt.

Standard & Poor's Ratings Services said it is assigning a "B" issue level and "5" recovery rating to the issuance, which would come due in 2016.....

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