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Edgen Group Announces Early Results For The Tender Offer And Consent Solicitation And Proposed Redemption Of Outstanding Notes

Edgen Group Inc. (“Edgen”) (NYSE: EDG) announced today the early tender results of Edgen Murray Corporation’s previously announced cash tender offer and consent solicitation (the “Offer”) for any and all of its $465,000,000 aggregate principal amount outstanding of 12¼% Senior Secured Notes due 2015 (the “Notes”). Edgen Murray Corporation is an indirect subsidiary of Edgen. The Offer is described in the Offer to Purchase and Consent Solicitation Statement dated October 1, 2012 (the “Offer to Purchase”). The table below sets forth the results of the Offer as of 5:00 p.m., New York City time, on October 15, 2012 (the “Consent Deadline”).
Title of Notes    

CUSIP Numbers

Principal Amount Outstanding

Amount of Notes Tendered and Consented

Approximate Percentage of Notes Tendered and Consented

12¼% Senior Secured
280148 AC1




Notes due 2015
280148 AA5


Based on the Notes tendered and consents delivered as of the Consent Deadline, both the proposed amendments to the indenture governing the Notes and the proposed amendments releasing collateral securing the Notes have been approved, as the consent of the holders of at least the requisite 66 2/3% in aggregate principal amount of the Notes has been received. Notes tendered and consents delivered prior to the Consent Deadline may not be withdrawn. The Company intends to execute a second supplemental indenture, which will amend the indenture governing the Notes. The proposed amendments to the indenture governing the Notes will become effective only when the second supplemental indenture is executed and the Company accepts for purchase and pays for all the Notes tendered prior to the Consent Deadline.

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