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McJunkin Red Man to pay down revolver borrowings with notes proceeds
By Sara Rosenberg and Paul A. Harris
New York, Feb. 8 - McJunkin Red Man Corp. is planning to repay revolving credit facility debt using proceeds from a $50 million add-on to its 9½% notes, according to a market source.
McJunkin Red Man is a Houston-based distributor of pipe, valves and fittings and related products and services to the energy industry.
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