---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-269726"
form_type: "8-K"
ticker: "DNOW"
cik: "0001599617"
company_name: "DNOW Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:42:28.109412+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# DNOW completes acquisition of MRC Global; expects $70M annual synergies

## Summary
- Acquisition of MRC Global closed Nov 6, 2025; each MRC share converted to 0.9489 DNOW share.
- Combined company expects $70M annual cost synergies within 3 years via operational and supply chain efficiencies.
- New $850M senior secured ABL credit facility (expandable to $1.35B) matures Nov 30, 2030.
- Board expanded to 10 members; former MRC executives George Damiris and Ronald Jadin appointed.
- Gillian Anderson appointed VP & CAO at $315k base salary; previously MRC Global's CAO.

## SEC filing metadata
- accession: 0001193125-25-269726
- form_type: 8-K
- ticker: DNOW
- cik: 0001599617
- company_name: DNOW Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599617/000119312525269726/0001193125-25-269726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599617/000119312525269726/d66585d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-269726
- JSON: https://secwatch.observer/filing/0001193125-25-269726.json
- Plain text: https://secwatch.observer/filing/0001193125-25-269726.txt

## Source-grounded claims
- claim_id: da0ad81a992ce5daabfdfeb5e3a5f70ce9943946
  claim: DNOW Inc. incurred credit facility of $850 million with Wells Fargo Bank, National Association maturing November 30, 2030.
  evidence_excerpt: of the Existing Credit Agreement, including, among other things: (i) extending the maturity date under the Existing Credit Agreement to November 30, 2030; (ii) providing for a $850 million revolving credit facility, with an incremental accordion feature that permits increases in aggregate revolving commitments by up to $500 million (for total commitments of up to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599617/000119312525269726/0001193125-25-269726-index.htm
- claim_id: 6044a98d4516b30a4d3c3e559409c4cae8412f6b
  claim: DNOW Inc. completed an acquisition involving MRC Global Inc. for 0.9489 shares of DNOW common stock (closed 2025-11-06).
  evidence_excerpt: exceptions: • each eligible share of MRC Global common stock, par value $0.01 per share (“ MRC Global Common Stock ”) was converted automatically into the right to receive 0.9489 shares of DNOW common stock, par value $0.01 per share (“ DNOW Common Stock ”) (the “ Merger Consideration ”), with cash paid in lieu of the issuance of fractional shares; • each
  evidence_url: https://www.sec.gov/Archives/edgar/data/1599617/000119312525269726/0001193125-25-269726-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.