McJunkin Redman and Midfield Supply Enter Into Revolving Credit Facilities

On June 14, 2011, McJunkin Redman Corporation, Midfield Supply ULC and certain of their affiliates (collectively, the “Borrowers”) entered into a loan, security and guarantee agreement providing senior secured revolving credit facilities (composed of a US tranche of US$900 million and a Canadian tranche of $150 million) made available by Bank of America, N.A. (“BofA”), as administrative and collateral agent, on behalf of a syndicate of lenders. The proceeds of credit facilities were used by the Borrowers for working capital purposes and to repay certain existing indebtedness.

The Borrowers are one of the largest global distributors of pipe, valves and fittings to the energy industry.

Bank of America, N.A. was represented in Canada by Norton Rose OR LLP, with a team comprising Kevin Morley, David Amato, Serge Levy and Adrienne Glen, and in the United States by Vinson & Elkins LLP, with a team including James Markus, Tim Johnston, Farah Paliwala and Justin Henry.

The Borrowers were represented in the United States by Fried, Frank, Harris, Shriver & Jacobson LLP, with a team consisting of William Reindel, Jeffrey Filipink and Trey Sadiq, and in Canada by McCarthy Tétrault LLP, with a team consisting of Dan Sears, Bruce MacPhail, Ira Cooper and Micheal Meredith, as well as by special counsel, MacPherson Leslie & Tyerman LLP (Saskatchewan) and Taylor McCaffrey LLP (Manitoba).