MRC Global Inc. Announces Exercise Of Over-Allotment Option In Public Offering Of Common Stock By Selling Stockholder

MRC Global Inc. Announces Exercise Of Over-Allotment Option In Public Offering
                    Of Common Stock By Selling Stockholder

PR Newswire

HOUSTON, March 7, 2013

HOUSTON, March 7, 2013 /PRNewswire/ --MRC Global Inc. (NYSE:MRC) announced
today that in connection with the previously announced public offering of 23
million shares of the company's common stock by PVF Holdings LLC, the
company's majority stockholder, the underwriters have exercised their option
to purchase an additional 3.45million shares at a price to the public of
$28.00 per share. As a result, PVF Holdings LLC will sell a total of 26.45
million shares in the offering. The offering is expected to close on March 12,
2013, subject to the satisfaction of customary closing conditions. 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.
 
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