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 obtained from:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
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:
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James E. Braun, Executive Vice
President
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Monica Schafer, Vice President
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and Chief Financial Officer
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Investor
Relations
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MRC Global Inc.
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MRC Global Inc.
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Jim.Braun@mrcglobal.com
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Monica.Schafer@mrcglobal.com
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832-308-2845
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832-308-2847
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SOURCE MRC Global Inc.