secwatch / observer
8-K filed May 8, 2023, 7:59 PM ET ticker CODQL CIK 0001770561
debt confidence high sentiment neutral materiality 0.40

Coronado Global Resources Inc. (CODQL): debt financing — Coronado Global Resources enters $150M ABL facility replacing prior credit agreement

Coronado Global Resources Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Coronado Global Resources Inc. incurred revolving credit of US$150 million with The Hongkong and Shanghai Banking Corporation Limited, Sydney branch (HSBC), and DBS Bank Limited, Australian branch (DBS) at applicable rate of 2.80% and BBSY (for loans denominated in AUD) or SOFR (for lo maturing three years after the closing date.

Instrument
revolving credit
Principal
US$150 million
Counterparty
The Hongkong and Shanghai Banking Corporation Limited, Sydney branch (HSBC), and DBS Bank Limited, Australian branch (DBS)
Rate
applicable rate of 2.80% and BBSY (for loans denominated in AUD) or SOFR (for lo
Maturity
three years after the closing date
Event
incurrence
Exact text from the filing
entered into a senior secured asset-based revolving credit agreement in an initial aggregate principal amount of US$150 million
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Coronado Global Resources Inc. entered into ABL Facility with Global Loan Agency Services Australia Pty Ltd, Global Loan Agency Services Australia Nominees Pty Ltd, The Hongkong and Shanghai Banking Corporation Limited, Sydney branch, DBS Bank Limited, Australian branch valued at US$150 million (effective 2023-05-08).

Action
entry
Agreement
credit facility
Counterparty
Global Loan Agency Services Australia Pty Ltd, Global Loan Agency Services Australia Nominees Pty Ltd, The Hongkong and Shanghai Banking Corporation Limited, Sydney branch, DBS Bank Limited, Australian branch
Value
US$150 million
Effective
2023-05-08
Exact text from the filing
On May 8, 2023 (the “Signing Date”), Coronado Global Resources Inc., a Delaware corporation (the “Company”), Coronado Coal Corporation, a Delaware corporation, Coronado Finance Pty Ltd (ACN 628 668 235), an Australian proprietary company and a wholly-owned subsidiary of the Company (an “Australian Borrower”), Coronado Curragh Pty Ltd (ACN 009 362 565), an Australian proprietary company and a wholly-owned subsidiary of the Company (an “Australian Borrower” and, together with the other Australian Borrower, the “Borrowers”), and the other guarantors party thereto (collectively with the Company, the “Guarantors” and, together with Borrowers, the “Loan Parties”), entered into a senior secured asset-based revolving credit agreement in an initial aggregate principal amount of US$150 million (the “ABL Facility”) with Global Loan Agency Services Australia Pty Ltd (ACN 608 829 303), as administrative agent (the “Administrative Agent”), Global Loan Agency Services Australia Nominees Pty Ltd (ACN
View on SEC.gov

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Coronado Global Resources Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-056886
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