other_material
confidence high
sentiment neutral
materiality 0.60
Coronado secures ABL waiver extension, cash covenant waived, liquidity plan progressing
Coronado Global Resources Inc.
- Further ABL facility waiver extension secured; one undrawn lender exiting, no specific time limit.
- US$100M minimum cash covenant waived, allowing use of cash without triggering default.
- Cash balance ~US$160M at May 2025; US$22M bank guarantees cash-backed during May.
- Expansion projects Mammoth (1.5-2.0Mt ROM) and Buchanan (1Mt) on track, on budget.
- Cost reduction initiatives targeting ~US$100M liquidity improvement throughout 2025.
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