Stena gets necessary consents to amend 9 5/8% notes

By Jennifer Chiou

New York, Feb. 8 - Stena AB announced it received the required consents to amend the indenture of its 9 5/8% notes due 2012.

The company said it has executed a supplemental indenture for amendments that would eliminate the principal restrictive covenants in the notes.

As of the consent deadline at 5 p.m. ET on Feb. 6, the company said holders of $177.039 million or 99.87% of its 9 5/8% notes had tendered their securities.

The tender ends at 5 p.m. ET on Feb. 27.

MacKenzie Partners, Inc., is the information agent (800 322-3885 or call collect 212 929-5500). JPMorgan is the dealer manager (call collect 212 270-1477 or 800 245-8812).

Stena is based in Gothenburg, Sweden, and has operations in shipping and offshore oil and gas exploration.

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