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Wednesday 03 February, 2010

New World Resour NV

Launch of EUR700m Equivalent

RNS Number : 6271G
New World Resources N.V
03 February 2010
 



Amsterdam, 3 February 2010

 

 

NWR Announces the Launch of EUR 700 million Equivalent Senior Secured Notes

 

New World Resources N.V. ("NWR" or the "Company"), Central Europe's leading hard coal producer, announced today an offering of approximately EUR 700 million equivalent senior secured notes due 2018 (the "Notes"). The Notes will be issued in two tranches, a EUR tranche and a USD tranche.

 

The net proceeds of the offering will be used to repay in full the outstanding amounts under NWR's senior secured loan facilities and for general corporate purposes.

 

This document is not an offer of securities in for sale nor the solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities described herein may not be offered or sold in the United States unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes of NWR have not been and will not be registered under the Securities Act and NWR does not intend to make a public offer of its securities in the United States.

 

 


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