23 Jan 2013 13:27
Amsterdam, 23 January 2013
Closing of EUR 275 million Senior Notes Issuance
New World Resources Plc and New World Resources N.V. ('NWR' or the 'Company') jointly announce that NWR has successfully closed its offering (the 'Offering') of EUR 275 million senior notes due 2021 (the 'Notes').
The Notes carry a coupon of 7.875% and were sold at par.
The net proceeds of the Offering will be used to repay in full the outstanding amounts under NWR's EUR 258 million principal amount of senior notes due 2015 (the '2015 Notes'), and for fees, expenses and general corporate purposes.
NWR has issued an official call notice for its 2015 Notes today, following the closing of the Offering.
New World Resources N.V. is the issuing entity of the Notes. NWR has applied to list the Notes on the Official List of the Irish Stock Exchange and expects the Notes to be admitted for trading on the Global Exchange Market of the Irish Stock Exchange today.
This document is for information purposes only and does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction. The Notes mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or applicable state or foreign securities laws. The Notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
For further information:
Investor Relations Corporate Communications
Tel: +31 20 570 2244 Tel: +31 20 570 2229
Email: ir@nwrgroup.eu Email: pr@nwrgroup.eu
Website: www.newworldresources.eu
About NWR:
New World Resources is one of Central Europe's leading hard coal and coke producers. NWR produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, the largest hard coal mining company in the Czech Republic. NWR's coke subsidiary OKK, is Europe's largest producer of foundry coke. NWR currently has several development projects in Poland and the Czech Republic, which form part of NWR's regional growth strategy. NWR is a FTSE 250 company, with listings in London, Prague and Warsaw.