secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001104659-24-102556
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coronado prices $400M 9.250% senior secured notes due 2029; proceeds to refinance higher-coupon 2026 notes
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- Priced $400M aggregate principal of 9.250% Senior Secured Notes due 2029; issued at par and oversubscribed.
- Proceeds to redeem all outstanding 10.750% Senior Secured Notes due 2026, reducing coupon by 150 bps.
- Notes guaranteed on a senior secured basis by Coronado and certain subsidiaries; secured by first/second-priority liens.
- Expected closing date October 2, 2024, subject to customary conditions.
- Net proceeds also for general corporate purposes after redemption costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465924102556/0001104659-24-102556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465924102556/tm2413538d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102556

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