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

London close: Calmer start to the week, Footsie edges 31 higher
15 Aug 2011

London close: Calmer start to the week, Footsie edges 31 higher

A strong start on Wall Street and large gains from the miners helped London's blue chip index finish 0.57% higher on Monday. Meanwhile the banks limit...

FTSE 250 movers: Michael Page share price sent tumbling
15 Aug 2011

FTSE 250 movers: Michael Page share price sent tumbling

International recruitment firm Michael Page made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half...

FTSE 250 Movers: New World bounces back
9 Aug 2011

FTSE 250 Movers: New World bounces back

In what has been a very volatile day of trading in London, a number of yesterday's big fallers are attracting the attention of bagain hunters. Among ...

FTSE 250 Movers: Premier Foods bites back
8 Aug 2011

FTSE 250 Movers: Premier Foods bites back

Food manufacturer Premier Foods clawed back some of the losses it sustained on Friday when it announced a 29% drop in trading profits from ongoing ope...

London midday: Banks in front as rally continues
22 Jul 2011

London midday: Banks in front as rally continues

Stocks are going strong after this morning's gains, with banks prominent among the risers, continuing their advance following the eurozone deal yester...

New World Resources hit by coke price fall
22 Jul 2011

New World Resources hit by coke price fall

New World Resources, the central Europe focused coal miner, has reiterated its full year production and sales targets, but prices have been falling. ...

London open: Banks keep rising, easyJet takes off
22 Jul 2011

London open: Banks keep rising, easyJet takes off

Stocks have continued rising following yesterday's Eurozone agreement, with banks unsurprisingly in the vanguard of the advance. Barclays, RBS and Ll...

Three deaths in two weeks at NWR
14 Jul 2011

Three deaths in two weeks at NWR

New World Resources, the FTSE 250 mining company focused on eastern and central Europe has announced its third death in the last 15 days. A 42-year-...