MRC Global Inc. Announces Secondary Public Offering of 17 Million Shares of Common Stock by Selling Stockholder

 MRC Global Inc. Announces Secondary Public Offering of 17 Million Shares of
                     Common Stock by Selling Stockholder

PR Newswire

HOUSTON, Nov. 5, 2012

HOUSTON, Nov. 5, 2012 /PRNewswire/ --MRC Global Inc. (NYSE:MRC) announced
today that PVF Holdings LLC, the company's majority stockholder, has commenced
a registered underwritten public offering of 17 million shares of the
company's common stock. PVF Holdings LLC has granted the underwriters a
30-day option to purchase up to an aggregate of 2.55 million additional
shares. The company will not receive any of the proceeds of the offering.

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

A registration statement relating to these securities has been filed with, and
declared effective by, the Securities and Exchange Commission. The offering
will be 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

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@mrcpvf.com
832-308-2845

Ken Dennard, Managing Partner
DRG&L
ksdennard@drg-l.com
713-529-6600

SOURCE MRC Global Inc.
 
Press spacebar to pause and continue. Press esc to stop.