---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-056886"
form_type: "8-K"
ticker: "CODQL"
cik: "0001770561"
company_name: "Coronado Global Resources Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T13:52:24.068692+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Coronado Global Resources enters $150M ABL facility replacing prior credit agreement

## Summary
- $150M asset-based revolving credit facility with HSBC and DBS, matures 3 years from closing.
- Interest rate at 2.80% plus SOFR (USD) or BBSY (AUD); sublimits of $100M for LCs and $70M for revolving.
- Conditions precedent include field exam and port entry arrangements; must be satisfied within 60 days.
- Covenants: leverage ratio <3.0x, interest coverage >3.0x; restricts dividends, liens, and debt incurrence.
- Facility fully refinances and replaces existing May 2021 Syndicated Facility Agreement.

## SEC filing metadata
- accession: 0001104659-23-056886
- form_type: 8-K
- ticker: CODQL
- cik: 0001770561
- company_name: Coronado Global Resources Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770561/000110465923056886/0001104659-23-056886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770561/000110465923056886/tm2314816d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-056886
- JSON: https://secwatch.observer/filing/0001104659-23-056886.json
- Plain text: https://secwatch.observer/filing/0001104659-23-056886.txt

## Key facts
- Debt Financings
  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
  source text: entered into a senior secured asset-based revolving credit agreement in an initial aggregate principal amount of US$150 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770561/000110465923056886/0001104659-23-056886-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770561/000110465923056886/0001104659-23-056886-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.