NACCO subsidiary amends $150M credit facility with ESG pricing tied to MSHA safety targets

NACCO INDUSTRIES INC

The North American Coal entered ESG Amendment to $150M secured revolving credit facility on June 30, 2022.
Pricing adjustments based on achieving MSHA Injury-Incident Rate below industry average.
If target met, letter of credit fee drops 2.5 bps, base rate spread 2.5 bps, LIBOR spread 2.5 bps, commitment fee 1 bp.
Other terms of the facility remain unchanged; amendment incorporates ESG pricing provisions.

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