MRC Global Inc. Prices Secondary Public Offering of 17,489,233 Shares Of
Common Stock By Selling Stockholders
HOUSTON, Nov. 7, 2013
HOUSTON, Nov. 7, 2013 /PRNewswire/ --MRC Global Inc. (NYSE: MRC) announced
today that investment funds managed by the Merchant Banking Division of The
Goldman Sachs Group, Inc. (Goldman Sachs MBD) have agreed to sell 17,489,233
shares of the company's common stock in a registered underwritten public
offering. Barclays Capital Inc. is acting as the sole underwriter of the
offering. The price to the public in the offering is $28.90 per share.
Following the offering, Goldman Sachs MBD will no longer own any shares of the
company. The company will not receive any of the proceeds of this offering.
The offering is subject to customary closing conditions and is expected to
close on November 13, 2013.
An automatic shelf registration statement relating to these securities was
filed on March 4, 2013 with the Securities and Exchange Commission (the SEC)
and became effective upon such filing. The offering will be made only by means
of a prospectus and related prospectus supplement, copies of which may be
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
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, Executive Vice President Monica Schafer, Vice President
and Chief Financial Officer Investor Relations
MRC Global Inc. MRC Global Inc.
SOURCE MRC Global Inc.
Press spacebar to pause and continue. Press esc to stop.