der 2021er Bond // The Notes are senior unsecured obligations of New World Resources N.V. (the ‘Issuer’) and: // der Emittent ist wohl nur ein holländischer Mantel // Vorsicht....das sagt aber auch schon der Kurs der Anleihe....

Debt Investors / 2021 Senior Notes  

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Ranking

The Notes are senior unsecured obligations of New World Resources N.V. (the ‘Issuer’) and:

• rank equally in right of payment to all existing and any future senior debt of the Issuer;
• rank senior in right of payment to all existing and any future subordinated indebtedness of the Issuer;
• are effectively subordinated to all existing and future secured indebtedness of the Issuer, including the 2018 Notes, hedging arrangements and the Revolving Credit Facility, to the extent of the assets securing such indebtedness; and
• are structurally subordinated to all existing and any future indebtedness of any subsidiaries of the Issuer, including the guarantees issued by OKD, OKK and Karbonia for the benefit of holders of the 2018 Notes.

Guarantees

The Notes are not guaranteed.

Security

The Notes do not have the benefit of any collateral.

Redemption

Prior to January 15, 2017, the Issuer may redeem some or all of the Notes by paying the make-whole premium specified in the Indenture.

At any time on or after January 15, 2017, the Issuer may redeem some or all of the Notes at the redemption prices specified in the Indenture.

Covenants

The Indenture governing the Notes limits the ability of the Issuer and its restricted subsidiaries (as defined in the Indenture), among other things, to:

• incur or guarantee additional debt;
• pay dividends and make other restricted payments or investments;
• create or permit the creation of certain liens;
• issue or sell capital stock of restricted subsidiaries;
• use the proceeds from sales or disposals of assets and capital stock of subsidiaries;
• create or permit restrictions on the ability of restricted subsidiaries to pay dividends or make other distributions to the Issuer or its restricted subsidiaries;
• enter into certain transactions with affiliates;
• engage in certain business activities (including restricting the Issuer’s activities to generally acting as a holding company); and
• consolidate, merge or sell all or substantially all of the assets.

Change of control

Following a change of control, the Issuer will be required to offer to repurchase all of the Notes at a purchase price of 101% of their outstanding principal amount plus accrued and unpaid interest.

Important notice: Information set forth above is provided in summary form and is subject to more detailed terms and conditions of the Notes and the Indenture governing the Notes.