SCA refinances loans in the US market

SCA refinances loans in the US market SCA has concluded a "144A transaction" in the US credit market. The loan totaling USD 450 million has a term of twelve years and is part of SCA's ongoing refinancing of maturing loans. The loan is swapped to a floating interest rate corresponding to the reference rate of interest plus 0.48%. The borrowing margin is below an already attractive margin in the European Credit Market. Stockholm, 4 July 2003 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Communications and Investor Relations For further information, please contact: Carl-Axel Olson, Group Treasury. Phone +46 8 788 5131 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/04/20030704BIT00250/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/04/20030704BIT00250/wkr0002.pdf