Stora Enso announces final results of Exchange Offer
STORA ENSO OYJ Stock Exchange Release 11 April 2006 at 9.30
Stora Enso announces final results of Exchange Offer
Stora Enso Oyj announced today the final results of its
previously announced exchange offer for its 7.375% notes due
2011 (CUSIP No. 86210MAA4; ISIN No. US86210MAA45) (the old
notes). The offers commenced on 14 March 2006, and expired at
midnight, New York City time, on 10 April 2006. USD 281 229 000
in principal amount of its old notes (approximately 37.50%) had
been validly tendered, and may no longer be withdrawn. At
settlement (scheduled for 13 April 2006), Stora Enso will
deliver to participating holders the new 6.404% notes due 2016
(CUSIP No. 86210MAB2 and X8662DAV9) (the new notes). In
addition, holders of notes accepted in the exchange will receive
accrued and unpaid interest up to but not including the
settlement date and cash in lieu of fractional par amount of new
notes, if any.
The new notes have not been and will not be registered with the
US Securities and Exchange Commission under the US Securities
Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States or to, or for the account
or benefit of, U.S. persons absent registration or an applicable
exemption from the registration requirements of the Securities
Act. Restrictions may apply in other jurisdictions, see the
Exchange Offering Memorandum, dated 14 March 2006, for details.
For further information, please contact:
Markus Rauramo, Senior Vice President, Group Treasurer, tel.
+44 20 7016 3250
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266
www.storaenso.com
www.storaenso.com/debt
STORA ENSO OYJ
p.p. Jussi Siitonen Jukka Marttila