New Issue: EGL $85 million convertibles at 5.0% yield, up 19%

By Ronda Fears

Nashville, Tenn., Dec. 4 - EGL Inc. sold $85 million of five-year convertible subordinated notes at par to yield 5.0% with a 19% initial conversion premium in the Rule 144A market, via sole lead manager Credit Suisse First Boston. The company said it would use proceeds to repay debt under its amended credit facility.

Terms of the new deal are:

Issuer: EGL Inc.

Amount: $85 million

Greenshoe: $15 million

Lead Manager: Credit Suisse First Boston

Maturity Date: Jan. 1, 2007

Coupon: 5.0%

Issue Price: par

Yield: 5.0%

Conversion Premium: 19%

Conversion Price: $17.43

Conversion Ratio: 57.3723

Call: non-callable for three years

Settlement Date: Dec. 7

End

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