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New Issue-Edgen Murray sells $540 mln in notes

Friday, 5 Oct 2012 | 4:21 PM ET

Oct 5 (Reuters) - Edgen Murray Corporation

on

Friday sold $540 million of senior secured notes in the 144a private placement market, said IFR, a Thomson Reuters service.

The size of the deal was decreased from the originally planned $575 million

Jefferies, Morgan Stanley and Bank of America Merrill Lynch were the joint bookrunning managers for the sale.

BORROWER: EDGEN MURRAY

AMT $540 MLN COUPON 8.75 PCT MATURITY 11/01/2020 TYPE SR NTS ISS PRICE 99.285 FIRST PAY 05/01/2013 MOODY'S Caa1 YIELD 8.875 PCT SETTLEMENT 10/16/2012 S&P B-PLUS SPREAD N/A PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS (Editing by Diane Craft)

((New Issue by Thomson Reuters)(+1-646-223-6886 e-mail: uscorpbonds@reuters.com))

Keywords: EDGENMURRAY NOTES

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