Edgen Murray to price $575 million eight-year notes late this week

By Paul A. Harris

Portland, Ore., Oct. 1 - Edgen Murray Corp. plans to price $575 million of eight-year senior secured notes this week, according to a syndicate source.

Jefferies & Co., Morgan Stanley & Co. LLC and Bank of America Merrill Lynch are the joint bookrunners. HSBC is the co-manager.

The Rule 144A and Regulation S for life notes become callable in three years a par plus 75% of the coupon.

The Baton Rouge, La.-based steel company plans to use the proceeds to refinance debt.

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