secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001104659-23-056886
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465923056886/0001104659-23-056886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465923056886/tm2314816d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056886

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