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Edgen/Murray, L.P. and Its Subsidiaries, a Jefferies Capital Partners Portfolio Company, Announces Recapitalization and Refinancing of Debt.

Publication: Business Wire
Publication Date: 11-APR-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BATON ROUGE, La. & EDINBURGH, Scotland -- Edgen/Murray, L.P. ("Edgen Murray" or the "Company") announced today the proposed recapitalization of the Company and refinancing of certain Company debt. The transactions, which are subject to entry into definitive documentation and customary closing conditions, are expected to close later this month.

On April 10, 2007, Edgen Murray II, L.P., a new holding company formed by Jefferies Capital Partners IV, L.P. and its general partner to recapitalize and refinance the Company, entered into a commitment letter with Lehman Brothers and Jefferies Finance LLC to provide $500...

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