New World Resources to retire €258 million notes due 2015 at 101.844

By Susanna Moon

Chicago, Jan. 14 - New World Resources plc and New World Resources NV plan to call €258 million principal amount of senior notes due 2015 using proceeds from a new issue.

The notes due 2015 are callable at 101.844% of par plus accrued interest, according to a press release.

The companies will retire the notes due 2015 with proceeds from the issue of €275 million senior notes due 2021. Proceeds from the 2021 notes also will be used for general corporate purposes.

New World Resources NV is the issuer and will apply to list the notes on the Irish Stock Exchange.

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

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