SOURCE: Stora Enso Oyj

May 31, 2007 03:02 ET

Stora Enso signs EUR 1.4 billion syndicated loan

HELSINKI, FINLAND--(Marketwire - May 31, 2007) - Stora Enso Oyj News Release May 31 2007 at 7.00 GMT

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that Stora Enso has signed a new EUR 1.4 billion syndicated credit facility agreement with a group of 15 banks. The facility, which has a maturity of five years, is for general corporate purposes including the refinancing of existing EUR 1.75 billion syndicated facility. The new loan facility has a margin of 0.225% p.a. over Euribor.

Mandated Lead Arrangers for the transaction are ABN AMRO, Calyon, Deutsche Bank and Handelsbanken.

Arrangers: Barclays Capital, BNP Paribas, Citigroup, Goldman Sachs, HSBC, JP Morgan, Merrill Lynch, Morgan Stanley, Nordea, SEB and UBS.

The rationale for refinancing was to review and decrease the size of the bank group, to save costs by taking advantage of prevailing market conditions and to prolong the maturity.

For further information, please contact:
Tim Laatsch, SVP, Communications, Stora Enso North America, tel. 715
422 4023
Markus Rauramo, Senior Vice President, Group Treasurer, tel. +44 20
7016 3250
Peter Nordquist, Vice President, Funding, tel. +44 20 7016 3266
Keith B Russell, Senior Vice President, Investor Relations, tel. +44
20 7016 3146

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