IPSCO TUBULARS INC. POSTPONES INITIAL PUBLIC OFFERING DUE TO ADVERSE MARKET CONDITIONS

IPSCO TUBULARS INC. POSTPONES INITIAL PUBLIC OFFERING DUE TO ADVERSE MARKET CONDITIONS

Houston, Texas – February 8, 2018 – IPSCO Tubulars Inc. (“IPSCO”) today announced that it has decided to postpone its proposed initial public offering of its shares of common stock due to adverse market conditions.

“While we received significant interest from potential investors, the continued market and economic volatility are not optimal conditions for an initial public offering,” said Piotr Galitzine, Chairman of the Board of Directors and Chief Executive Officer of IPSCO. “As a company, we’ve consistently made decisions in the best interests of our stockholders, employees and customers, and we will continue to do so.”

This release shall not constitute an offer to sell or the solicitation of an offer to buy securities, 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 such state or jurisdiction.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that do not relate to historical matters identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of the prospectus included in the registration statement on Form S-1, in the form last filed with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

About IPSCO Tubulars Inc.
IPSCO Tubulars Inc. is a producer and supplier of seamless and welded oil country tubular goods and other pipe products, with headquarters in Houston, Texas, and manufacturing facilities located in Texas, Pennsylvania, Ohio, Kentucky, Arkansas, Oklahoma, Iowa, Nebraska and Alberta, Canada.

CONTACTS

Ed Trissel / Alyssa Cass / Leigh Parrish
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Michelle Loomis
IPSCO Tubulars, Inc.
(832) 678-5099

IPSCO TUBULARS FILES REGISTRATION STATEMENT ON FORM S-1 FOR INITIAL PUBLIC OFFERING

IPSCO TUBULARS FILES REGISTRATION STATEMENT ON FORM S-1 FOR INITIAL PUBLIC OFFERING

Houston, Texas – January 12, 2018 – IPSCO Tubulars Inc. (“IPSCO”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. In connection with the offering, IPSCO has applied to list its common stock on the New York Stock Exchange under the symbol “IPSC.”

BofA Merrill Lynch and Morgan Stanley & Co. LLC are acting as joint book-running managers for the proposed offering. The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from the SEC’s website or from either of the following:

  • BofA Merrill Lynch, Attention: Prospectus Department, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001
  • Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy securities, 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 such state or jurisdiction.

A copy of the IPSCO’s Form S-1 filing, once available, can be viewed on the SEC’s website.

About IPSCO Tubulars Inc.

IPSCO Tubulars Inc. is a producer and supplier of seamless and welded oil country tubular goods and other pipe products, with headquarters in Houston, Texas, and manufacturing facilities located in Texas, Pennsylvania, Ohio, Kentucky, Arkansas, Oklahoma, Iowa, Nebraska and Alberta, Canada.

CONTACTS:

Ed Trissel / Alyssa Cass / Leigh Parrish
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Michelle Loomis
IPSCO Tubulars Inc.
(832) 678-5099

IPSCO TUBULARS ANNOUNCES SUBMISSION OF DRAFT REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING

IPSCO TUBULARS ANNOUNCES SUBMISSION OF DRAFT REGISTRATION STATEMENT FOR PROPOSED INITIAL PUBLIC OFFERING

Houston, Texas – November 29, 2017 – IPSCO Tubulars Inc. (“IPSCO”) today announced the submission of a draft registration statement with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

IPSCO’s initial public offering is subject to the completion of SEC review, market conditions and further approval of the board of directors of PAO TMK (LSE: TMKS) (“TMK”), IPSCO’s parent company. Proceeds from the issuance and sale of common stock by IPSCO are expected to be used by IPSCO for repayment of outstanding indebtedness under its new revolving credit facility and for general corporate purposes, and proceeds from the sale of IPSCO common stock by TMK are expected to be used for repayment of certain indebtedness of TMK.

Due to limitations imposed by U.S. securities laws, neither IPSCO nor TMK will hold a conference call to discuss the content of this news release.

A draft registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. There can be no assurance that an initial public offering of IPSCO or any other transaction will occur. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers, solicitations or offers to buy, or any sales of securities, will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

CONTACTS:

Ed Trissel / Alyssa Cass / Leigh Parrish
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Michelle Loomis
IPSCO Tubulars Inc.
(832) 678-5099