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8-K - FORM 8-K - MRC GLOBAL INC. | y92314e8vk.htm |
Exhibit 99.1
Investor Contact: Cinda Bowling Vice President Investor Relations Cinda.Bowling@mrcpvf.com (304) 348-5877 |
Press Release
FOR IMMEDIATE RELEASE
August 10, 2011
MCJUNKIN RED MAN CORPORATION ANNOUNCES EXPIRATION OF EXCHANGE
OFFER FOR ITS 9.50% SENIOR SECURED NOTES DUE 2016
OFFER FOR ITS 9.50% SENIOR SECURED NOTES DUE 2016
Houston, Texas McJunkin Red Man Corporation (MRC) today announced the expiration of its
offer to exchange up to $1.05 billion of its outstanding 9.50% Senior Secured Notes due 2016 for up
to $1.05 billion of its new 9.50% Senior Secured Notes due 2016 that have been registered under the
Securities Act of 1933, as amended.
The exchange offer expired at midnight, New York City time on August 9, 2011. As of that time,
$1,049,850,000 in principal amount of the 9.50% Senior Secured Notes due 2016 has been tendered in
the exchange offer. MRC will issue certificates for the registered 9.50% Senior Secured Notes due
2016 as soon as practicable.
Requests for a prospectus and a letter of transmittal in connection with the exchange offer for the
9.50% Senior Secured Notes due 2016 should be directed to the exchange agent, U.S. Bank National
Association at (800) 934-6802. This news release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The exchange offer is being made only pursuant to a
prospectus and the related letter of transmittal and only to such persons and in such jurisdictions
as is permitted under applicable law.
About McJunkin Red Man Corporation
Headquartered in Houston, Texas, MRC is the largest global distributor of PVF and related products
and services to the energy and industrial sectors, based on sales, and supplies these products and
services across each of the upstream, midstream and downstream markets. More information about MRC
can be found on our website at www.mrcpvf.com.
This announcement contains forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, including, for example, statements about the Companys
business strategy, it industry, its future profitability, growth in the Companys various markets
and the Companys expectations, beliefs, plans, strategies, objectives, prospectus and
Investor Contact: Cinda Bowling Vice President Investor Relations Cinda.Bowling@mrcpvf.com (304) 348-5877 |
assumptions.
These forward-looking statements are not guarantees of future performance. For these statements,
the Company claims the protection of the safe harbor for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995. These statements
are based on managements expectations that involve a number of business risks and uncertainties,
any of which could cause actual results to differ materially from those expressed in or implied by
the forward-looking statements. These statements involve known and unknown risks, uncertainties
and other factors that may cause the Companys actual results and performance to be materially
different from any future results or performance expressed or implied by these forward-looking
statements. For a discussion of key risk factors, please see the risk factors disclosed in the
prospectus.
Undue reliance should not be placed on the Companys forward-looking statements. Although
forward-looking statements reflect the Companys good faith beliefs, reliance should not be placed
on forward-looking statements because they involve known and unknown risks, uncertainties and other
factors, which may cause our actual results, performance or achievements to differ materially from
anticipated future results, performance or achievements expressed or implied by such
forward-looking statements. The Company undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events, changed
circumstances or otherwise.
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