26
Apr
18:24
Czech coal miner set to file for insolvency
The refusal by New World Resources (NWR)’s senior creditors to extend the Super Senior Credit Facility Standstill and Waiver Agreement may force its coal miner subsidiary OKD to start insolvency proceedings.
Although NWR continues in discussions with stakeholders regarding a restructuring of financial indebtedness, a non-binding agreement with the Czech government has not been secured. On this basis NWR’s 60%-owner Ad Hoc Group (AHG) has not agreed t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous