MRC Global Inc. Upsizes And Prices Public Offering Of Common Stock By Selling Stockholder

Mar 06, 2013, 18:24 ET from MRC Global Inc.

HOUSTON, March 6, 2013 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) announced today that PVF Holdings LLC, the company's majority stockholder, has increased the size of its offering of the company's common stock from 17 million to 23 million shares and has agreed to sell these shares of the company's common stock at a price of $28.00 per share in a registered underwritten public offering.  PVF Holdings LLC has granted the underwriters a 30-day option to purchase up to an aggregate of 3.45 million additional shares.  The company will not receive any of the proceeds of the offering. 

Goldman, Sachs & Co., Barclays and Baird are serving as joint-bookrunning managers for the offering.  BofA Merrill Lynch, Wells Fargo Securities and Stephens Inc. are serving as lead managers.  Raymond James, KeyBanc Capital Markets and William Blair are serving as co-managers.

An automatic shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective upon such filing.  The offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from:

Goldman, Sachs & Co. Attn: Prospectus Department 200 West Street, New York, NY 10282 Telephone: 866-471-2526 Email: prospectus-ny@ny.email.gs.com

Barclays c/o Broadridge Financial Solutions 1155 Long Island Ave. Edgewood, NY 11717 Telephone: 888-603-5847 Email: barclaysprospectus@broadridge.com

Robert W. Baird & Co. Incorporated Attn: Syndicate Department 777 E. Wisconsin Avenue Milwaukee, WI 53202 Telephone: 800-792-2473 Email: syndicate@rwbaird.com

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.

Contacts:

James E. Braun, EVP & Chief Financial Officer MRC Global Inc. Jim.Braun@mrcglobal.com  832-308-2845

Ken Dennard, Managing Partner Dennard ▪ Lascar Associates ken@dennardlascar.com  713-529-6600

SOURCE MRC Global Inc.