Edgen Group Inc. Commences Initial Public Offering of 15M Shares

Edgen Group Inc. EDG announced today that it has commenced an initial public offering of 15,000,000 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. This is a primary offering of Class A common stock by Edgen. Jefferies & Company, Inc., Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving as joint book-running managers for the offering. The underwriters will be granted an option to purchase from Edgen up to an additional 2,250,000 shares of Class A common stock, on the same terms and conditions, to cover over-allotments, if any. Edgen has been authorized to list its Class A common stock on the New York Stock Exchange under the symbol “EDG.” Edgen intends to use the net proceeds from the offering to repay certain indebtedness of its consolidated subsidiaries. Edgen expects to use any remaining net proceeds for general corporate purposes.