Stena extends consent solicitations for 7½%, 7% notes for sixth time

By Susanna Moon

Chicago, June 14 - Stena AB extended the consent solicitations for its $175 million 7½% senior notes due 2013 and $250 million 7% senior notes due 2016 to 5 p.m. ET on June 29, according to a news release.

The solicitations were extended from 5 p.m. ET on June 15. They began on March 23.

The company is soliciting consents to make the note indentures generally consistent with the indentures of its 6 1/8% senior notes due 2017 and 5 7/8% senior notes due 2019.

Consenting noteholders will receive a consent fee of $20 for each $1,000 principal amount of notes held.

Stena said it needs consents from holders of a majority of both series of notes.

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

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

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