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

New World Resources appoints new Chairman
28 Jun 2012

New World Resources appoints new Chairman

New World Resources (NWR), the hard coal and coke producer, has appointed a new Executive Chairman to succeed Mike Salamon as of October 1st. New Cha...

FTSE 250 movers: Invensys drops after bid talks fizzle out
21 Jun 2012

FTSE 250 movers: Invensys drops after bid talks fizzle out

Following a massive jump the day before on the back of bid speculation, shares of Invensys plummeted on Thursday after it said that while rumours of a...

New World Resources wins squeeze-out case in Amsterdam
20 Jun 2012

New World Resources wins squeeze-out case in Amsterdam

The central Europe focused coal and coke producer, New World Resources, appears to have won a court case in Amsterdam that will enable the acquisition...

FTSE 250 movers: Miners lead the risers
6 Jun 2012

FTSE 250 movers: Miners lead the risers

Mining stocks were tracking their FTSE 100 counterparts higher with Talvivaara, New World Resources, and African Barrick Gold all making strong gains,...

London midday: Stocks jump ahead of ECB rate decision
6 Jun 2012

London midday: Stocks jump ahead of ECB rate decision

- All eyes on the ECB - UK construction PMI falls in May - Man Group, miners and banks lead the rise London's blue chip index was firmly higher by We...

Revenue down at New World Resources
16 May 2012

Revenue down at New World Resources

Central European coal miner New World Resources (NWR) was hit by falling revenues from thermal coal and coke in the first quarter. Revenues fell 10% ...

London midday: Banks and miners weigh on Footsie
11 May 2012

London midday: Banks and miners weigh on Footsie

- Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected A surp...

London open: Chinese data, JP Morgan weighs on stocks
11 May 2012

London open: Chinese data, JP Morgan weighs on stocks

- Chinese industrial output, inflation data disappoints - Spain to ask for EFSF support, according to reports - JP Morgan surprise trading loss causes...