Baird served as a joint-bookrunning manager on this offering
AboutMRC Global Inc. (“MRC” or the “Company”) (NYSE: MRC) recently completed a follow-on offering of 26,450,000 shares of common stock at a price of $28.00 per share, generating gross proceeds of $740.6 million. All of the shares offered were sold by a selling shareholder of MRC. The Company will not receive any proceeds from the sale of shares in the offering.
MRC is the largest global distributor, based on sales, of pipe, valves and fittings (“PVF”) and related products and services to the energy and industrial sectors and supplies these products and services across each of the upstream, midstream and downstream sectors. The Company offers more than 175,000 stock keeping units, including an extensive array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products from over 18,000 suppliers. Through the Company’s U.S., Canadian and International segments, MRC serves more than 18,000 customers through over 400 service locations throughout the U.S., Canada, Europe, Asia and Australasia. The Company is headquartered in Houston, Texas.
For additional information about this transaction, please contact:
- March 2013
- MRC Global Inc.
- Target Location
- North America