New World Resources N.V. (“NWR” or the “Company”), Central Europe’s leading hard coal and coke producer, announced today that all conditions precedent were met and it successfully closed its offering of EUR 475 million senior secured notes due 2018 (the “Notes”).
The Notes carry a coupon of 7.875% and were sold at par. The net proceeds of the offering, together with approximately EUR 186 million of existing cash, were used to repay in full the outstanding amounts under NWR’s senior secured loan facilities, accrued interest and fees.
The Notes 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.
27 Apr 2010 NWR announces successful closing of EUR 475 million Senior Secured Notes Issuance (145KB PDF)
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