other material
confidence high
sentiment positive
materiality 0.60
Hallador Energy amends credit covenants: total leverage ratio raised to 4.25x for June 30, 2026 onward
HALLADOR ENERGY CO
- Second Amendment to Credit Agreement with Texas Capital Bank and other lenders dated June 25, 2026.
- Total leverage ratio cap increased from 2.50x to 4.25x effective June 30, 2026.
- Senior secured leverage ratio set at 3.00x for Q2/Q3 2026, declining to 2.50x from June 30, 2027.
- Amendment supports obligations under Asset Purchase Agreement with Energy World Corporation Ltd.