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Edgen Group Announces Proposed Refinancing Plans And Updated 2012 Guidance

Stocks in this article: EDG

The Offer is subject to the satisfaction or waiver of a number of conditions that are set forth in the Statement, including, without limitation, EMC having received net proceeds from the New Notes offering, on terms and conditions satisfactory to EMC, that are sufficient to pay the aggregate Total Consideration in respect of all Existing Notes (regardless of the actual amount of Existing Notes tendered) plus estimated fees and expenses relating to the Offer. The complete terms and conditions of the Offer are set forth in the Statement and related Letter of Transmittal that are being sent to holders of the Existing Notes. EMC expressly reserves the right, subject to applicable law, to terminate the Offer.

The final terms and conditions of the Offer may change and there can be no assurance that the conditions to the Offer will be satisfied or that the Offer will be consummated.

EMC has engaged Jefferies & Company, Inc. as Dealer Manager and Solicitation Agent for the Offer. Persons with questions regarding the Offer or Consent Solicitation should contact Jefferies & Company, Inc. at (203) 363-8273 (Collect) or (888) 708-5831 (Toll Free). Requests for copies of the Statement or other tender offer materials may be directed to i-Deal, LLC, the Information Agent, at (212) 849-5000 (Collect) or (888) 593-9546 (Toll Free).

This press release does not constitute an offer to purchase the Existing Notes or a solicitation of consents to amend the related indenture. The Offer is made solely pursuant to the Statement. The Offer is not being made to holders of Existing Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. Holders are urged to read the Statement and related documents carefully before making any decision with respect to the Offer. Holders of Existing Notes must make their own decisions as to whether to tender their Existing Notes and provide the related consents. None of Edgen Group, EMC, the Dealer Manager and Solicitation Agent, or the Information Agent or their respective affiliates makes any recommendation as to whether holders should tender their Existing Notes pursuant to the Offer or provide the related consents, and no one has been authorized to make such a recommendation.

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