McJunkin Red Man to start roadshow Wednesday for $1 billion seven-year notes

By Paul A. Harris

St. Louis, Dec. 7 - McJunkin Red Man Corp. will begin a roadshow on Wednesday for its $1 billion offering of seven-year senior secured notes, according to an informed source.

The roadshow wraps up on Dec. 15, with the notes expected to price thereafter.

Goldman Sachs & Co. is the left bookrunner for the Rule 144A with registration rights offer. Barclays Capital is the joint bookrunner. JP Morgan and Bank of America Merrill Lynch are joint lead managers. Raymond James, SunTrust Robinson Humphrey and TD Securities are co-managers.

The notes come with three years of call protection.

Proceeds will be used to repay bank debt.

The prospective issuer is a Tulsa, Okla.-based manufacturer of pipes, valves and fittings.

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