Edgen Group Announces Proposed Refinancing Plans and Updated 2012 Guidance

Edgen Group EDG, today announced proposed refinancing plans and in connection with this announcement is updating its guidance for the full 2012 fiscal year. Edgen Group's refinancing plans include the repurchase or retirement of all of its existing 12¼% senior secured notes due 2015, the repayment in full of a note payable due 2019, a proposed offering of new senior secured notes due 2020 and a new multi-currency global asset-backed revolving credit facility to replace its two existing senior revolving credit facilities. Proposed Offering of New Senior Secured Notes See full press release