Edgen $105 million six-year notes talked to yield 9¾% area, to price Tuesday

By Paul A. Harris

St. Louis, Jan. 20 - Price talk on Edgen Corp.'s $105 million offering of six-year senior secured notes (B3/B-) is in the 9¾% area, according to an informed source.

The notes are expected to price on Tuesday.

Jefferies & Co. has the books for the Rule 144A offering.

The notes will be non-callable for three years.

Proceeds will be used to help fund the acquisition of Edgen by Jefferies Capital Partners from Harvest Partners.

Edgen is a Baton Rouge, La.-based global supplier of specialty steel pipe and components to the oil and gas process and power generation industries.

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