New World Resources to repay senior notes due 2015 via new offering

By Tali David

Minneapolis, Jan. 23 - New World Resources plc and New World Resources NV plan to repay the full outstanding amounts under the companies' €258 million principal amount of senior notes due 2015 with the proceeds of a new offering of €275 million of senior notes due 2021, according to a filing with the London Stock Exchange.

The companies will also use proceeds for fees, expenses and general corporate purposes.

New World Resources NV issued a call notice for the senior notes due 2015 on Wednesday, following the closing of the new senior notes offering, the filing said.

New World Resources is an Amsterdam-based central European coal producer with operations in the Czech Republic.

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