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Thursday 18 June 2015
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Pre-Market Stocks Highlights: MRC Global (NYSE:MRC), InterXion Holding NV (NYSE:INXN), Bill Barrett (NYSE:BBG), Ship Finance International (NYSE:SFL)

On Wednesday, MRC Global Inc (NYSE:MRC)’s shares inclined 6.64% to $15.73.

MRC Global Inc (MRC) has closed the formerly declared offering of Series A Convertible Perpetual Preferred Stock to an associate of Cornell Capital LLC for $363 million. The Company anticipates to use the net proceeds to pay down its term loan and asset based lending facility.

MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, in addition to steam and instrumentation products.

InterXion Holding NV (NYSE:INXN)’s shares gained 1.84% to $28.19.

InterXion Holding NV (INXN) declared that it has filed its 2014 Dutch Statutory Annual Report with the Securities and Exchange Commission. The 2014 Dutch Statutory Annual Report can be found under the “Annual Reports” link on the company’s website at investors.interxion.com in addition to on the SEC website at www.sec.gov. In addition, shareholders may request a hard copy of the 2014 Dutch Statutory Annual Report, which comprises the company’s complete audited financial statements, free of charge by contacting Interxion Investor Relations at Tupolevlaan 24, 1119 NX Schiphol-Rijk, The Netherlands, Attention: Investor Relations or by email at [email protected].

InterXion Holding N.V. provides carrier and cloud neutral colocation data center services in Europe. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers. Its data centers act as content, cloud, and connectivity hubs that facilitate the processing, storage, sharing, and distribution of data, content, applications, and media between carriers and customers.

At the end of Wednesday’s trade, Bill Barrett Corporation (NYSE:BBG)‘s shares surged 1.98% to $9.25.

Bill Barrett Corporation (BBG) declared that it has filed a prospectus supplement with the Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common stock having an aggregate gross sales price of up to $100 million following an “at-the-market” offering program (the “ATM Program”). The shares would be offered following an equity distribution agreement between the Company and Goldman, Sachs & Co.

The Company intends to use the proceeds from any sales for general corporate purposes, counting additional capital spending associated with the accelerated development of the Company’s Denver-Julesburg Basin properties.

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.

Ship Finance International Limited (NYSE:SFL), ended its Wednesday’s trading session with 0.23% gain, and closed at $17.38.

Ship Finance International Limited (SFL) had reached a heads of agreement to amend the long-term chartering agreements with Frontline Ltd.

The agreement is now accomplished, and Frontline has issued and delivered 55 million new shares to Ship Finance. The shares represent about 28% of the total number of issued and outstanding shares of Frontline.

The Frontline shares are listed in New York and Oslo, and Frontline has agreed to register the new shares for resale with the US Securities and Exchange Commission and the Norwegian Financial Supervisory Authority, respectively. The new shares will then be freely tradable for Ship Finance, and may be sold or distributed to the Company’s shareholders at a later stage.

Ship Finance International Limited owns and operates vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the United Kingdom, and the Marshall Islands. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the shipping and offshore industry, counting oil transportation, dry bulk shipments, chemical transportation, container transportation, car transportation, drilling rigs, and offshore supply vessels.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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