Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNew World Resources Share News (NWR)

  • There is currently no data for NWR

New World Resources Gets Noteholder Approval For Restructuring Plan

Fri, 29th Aug 2014 13:33

LONDON (Alliance News) - New World Resources PLC Friday said it has secured approval from noteholders for its consensual restructuring deal at two creditor meetings held today.

The company said it secured approval from 99.4% of the holders of secured notes by value and 95.3% of unsecured noteholders.

New World Resources is to raise up to EUR185.0 million of additional capital through a rights issue to existing shareholders, a placing to participating existing noteholders, and a super senior credit facility to be provided by participating existing noteholders.

New World Resources shares were up 6.1% to 8.75 pence on Friday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2014 Alliance News Limited. All Rights Reserved.

Related News

New World Resources News

Czech Government Approves New World Resources Financial Aid For Paskov Closure
29 Apr 2014

Czech Government Approves New World Resources Financial Aid For Paskov Closure

LONDON (Alliance News) - New World Resources PLC Tuesday said that that the Czech Republic government has approved the financial support terms of the ...

New World Resources Increases Production Volumes
24 Apr 2014

New World Resources Increases Production Volumes

LONDON (Alliance News) - New World Resources PLC Thursday said its production volumes increased in its first quarter but said that the agreed coal sal...

New World Resources Reaches Agreement Over Paskov Closure
22 Apr 2014

New World Resources Reaches Agreement Over Paskov Closure

LONDON (Alliance News) - New World Resources Tuesday said its subsidiary OKD has reached an agreement with "certain members" of the Czech government o...