MRC Global Inc. Upsizes And Prices Public Offering Of Common Stock By Selling
HOUSTON, Nov. 8, 2012
HOUSTON, Nov. 8, 2012 /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 20
million shares and has agreed to sell these shares at a price of $22.00 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
million additional shares. The company will not receive any of the proceeds
of the offering.
Goldman, Sachs & Co. and Barclays 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
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
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
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.
James E. Braun, EVP & Chief Financial Officer
MRC Global Inc.
Ken Dennard, Managing Partner
SOURCE MRC Global Inc.
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