Earle M. Jorgensen starts roadshow Wednesday for $250 million 10-year notes

By Paul A. Harris

St. Louis, Mo., May 7 - The roadshow starts Wednesday for an offering of $250 million of senior secured notes due 2012 from Earle M. Jorgensen Co., Inc., according to a syndicate source.

Pricing is expected late in the week of May 13 or early in the week of May 20.

Credit Suisse First Boston and Deutsche Bank Securities Inc. are joint bookrunners. JP Morgan is co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay the company's term loan and its 9½% senior notes due 2005, and to pay a $25 million dividend.

The company is a Brea, Calif.-based independent steel distributor.

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