debt
confidence high
sentiment positive
materiality 0.75
Coronado issues $400M 9.25% Senior Secured Notes due 2029 to refinance existing 10.75% notes
Coronado Global Resources Inc.
- Issued $400M aggregate principal amount of 9.250% Senior Secured Notes due Oct 1, 2029.
- Proceeds used to redeem all outstanding 10.750% Senior Secured Notes due 2026 and pay fees.
- Interest payable semi-annually on Apr 1 and Oct 1, starting Apr 1, 2025.
- Notes are senior secured obligations guaranteed by Coronado and certain subsidiaries.
- Entered into First Amendment to ABL Facility to permit the note offering.