Stena Line's refinancing complete

The previously announced refinancing of USD 725 million of Stena Line's loan liabilities has now been completed. The new financing consists of a long-term bank credit of USD 425 million and 10-year Senior Notes (bond loan) of USD 300 million. The refinancing means a reduction in the company's amortization, which ensures healthy liquidity. "The transaction will improve our financial flexibility and make us better equipped to handle the changes we foresee in the market," says Bo Lerenius, President and CEO of Stena Line. Several Swedish and international banks have granted the bank credit of USD 425 million. The credit carries a variable interest rate and a 7.5- year duration, with no amortization for the first three years. The Senior Notes worth USD 300 million were raised on the American capital market. The Notes are amortization-free and carry 10 5/8 % interest. The refinancing does not mean an increase in Stena Line's loan liabilities. Göteborg, 17 June 1998 Stena Line AB Mats Kling Vice President, Communications and Public Affairs Any questions from media should be addressed to Mats Kling on telephone +46(0)31-85 83 29 Stena Line AB (publ) Tel: +46(0)31 - 85 80 00 Informationsavdelningen/ Fax: +46(0)31 - 85 85 50 Communications and Public Affairs S-405 19 Göteborg Sweden Reg.No. 556207-8005 Besöksadress/Office Address: Första Långgatan 26

About Us

Stena Line is one of the world's largest ferry operators with 35 ferries and 22 routes in northern Europe. Stena Line is developing new intermodal freight solutions by combining transport by rail, road and sea and it is an important part of the European logistics network. The company is family-owned, was founded 1962 and the head office is located in Gothenburg. Stena Line is part of the Stena Sphere, which has around 20.500 employees and a turnover of SEK 54 billion.

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