Market Overview

NOW Inc. Completes New Senior Secured Credit Facility

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NOW Inc. (NYSE:DNOW) announced today that it has replaced its existing
senior secured credit facility and entered into a new senior secured
credit facility with a syndicate of lenders, with Wells Fargo Bank,
National Association serving as the administrative agent. The facility
provides for a five-year $750 million global revolving credit facility,
with potential to further increase the facility to $1.0 billion.
Availability under the facility is determined by a borrowing base
comprised of eligible accounts receivable and eligible inventory with
subfacilities for Canadian and U.K. borrowings. The obligations are
secured by substantially all the assets of NOW Inc. We can elect to pay
interest at LIBOR plus an applicable margin, or at a base rate plus an
applicable margin.

The new credit facility contains customary covenants, representations
and warranties and events of default. A fixed charge coverage ratio
covenant applies only if availability under the credit facility is less
than a certain threshold.

Robert Workman, President and CEO of NOW Inc. stated "We are pleased
with the new credit agreement and for the support of our bank group.
Even though our existing credit facility was not set to expire for
almost another year, we decided to capitalize on the opportunity to
reduce our borrowing costs. This new credit agreement demonstrates the
strength of our business and will provide liquidity to support our
strategy."

Additional details relative to this facility can be found in Form 8-K
that we will be filing with the U.S. Securities and Exchange Commission.

About NOW Inc.

NOW Inc. is one of the largest distributors to energy and industrial
markets on a worldwide basis, with a legacy of over 150 years. NOW Inc.
operates primarily under the DistributionNOW and Wilson Export brands.
Through its network of approximately 275 locations and 4,500 employees
worldwide, NOW Inc. offers a comprehensive line of products and
solutions for the upstream, midstream and downstream energy and
industrial sectors. Our locations provide products and solutions to
exploration and production companies, energy transportation companies,
refineries, chemical companies, utilities, manufacturers and engineering
and construction companies.

Statements made in this press release that are forward-looking in
nature are intended to be "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934 and may
involve risks and uncertainties.
These statements may differ
materially from actual future events or results.
Readers are
referred to documents filed by NOW Inc. with the U.S. Securities and
Exchange Commission, which identify significant risk factors which could
cause actual results to differ from those contained in the
forward-looking statements.

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