Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Stena AB > News item |
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.