Cleary Gottlieb acted as counsel to Citigroup, Morgan Stanley, Goldman Sachs International and Erste Group as initial purchasers in connection with the issuance by New World Resources N.V. of €275 million of 7.875% senior notes due 2021. The transaction priced on January 16, 2013 and closed on January 23, 2013.
New World Resources is the largest Czech natural resources company, and a leading producer of hard coal in Central Europe.