New World to start roadshow Monday for €300 million eight-year notes

By Paul A. Harris

St. Louis, May 3 - New World Resources BV will start a roadshow on Monday for its €300 million offering of eight-year senior notes (B3/B), according to an informed source.

The offering is expected to price late in the May 7 week or early the following week.

Morgan Stanley, Barclays Capital and Citigroup are leading the Rule 144A and Regulation S offering.

The notes will come with four years of call protection.

Proceeds will be used to repay bank debt and to fund capital expenditures.

The prospective issuer is a Netherlands-based holding company whose activities include coal mining and coke production in the Czech Republic.

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