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Published on 8/22/2013 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

New World Resources redeems €267 million 7 3/8% senior notes due 2015

By Susanna Moon

Chicago, Aug. 22 - New World Resources NV said it redeemed its €267 million 7 3/8% senior notes due 2015 at par plus a call premium.

The company funded the call on Feb. 22, 2013 with proceeds from its issue of €275 million 7 7/8% senior notes due 2021 on Jan. 23, 2013, according the company's release announcing unaudited financial results for the first half of 2013.

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


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