debt
confidence high
sentiment positive
materiality 0.65
Coronado announces $400M senior secured notes offering to refinance 10.75% notes due 2026
Coronado Global Resources Inc.
- Issuer Coronado Finance Pty Ltd offers $400M senior secured notes due 2029 in private placement.
- Proceeds to redeem all outstanding 10.75% Senior Secured Notes due 2026 and pay related fees.
- Conditional redemption of $242.326M existing notes at 104.031% of principal plus accrued interest.
- Notes secured by first-priority lien on most assets and second-priority on ABL collateral.
- Offering exempt from registration under Rule 144A and Regulation S.