Sweden's Stena to sell $350 million secured notes during Feb. 10 week

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Feb. 7 - Stena International SA plans to come to market with a $350 million offering of non-callable 10-year senior secured notes (Ba2) during the Feb. 10 week, according to a market source.

Citigroup Global Markets will be the left lead bookrunner.

The Gothenburg, Sweden-based company kicked off a $750 million seven-year covenant-light senior secured term loan at a Friday bank meeting.

Proceeds will be used to refinance debt.

The company 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.