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Published on 5/30/2008 in the Prospect News High Yield Daily.

Stena buys some of its senior notes due 2013, 2016

By Devika Patel

Knoxville, Tenn., May 30 - Stena AB said in a 6-K filed Friday with the Securities and Exchange Commission that it repurchased $18 million of its senior notes due 2013 and $43 million of its senior notes due 2016.

As of March 31, there was $152.8 million of the company's senior notes due 2013 outstanding and $129 million of its senior notes due 2016 outstanding.

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


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