secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001104659-25-055106
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coronado secures ABL waiver extension, cash covenant waived, liquidity plan progressing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925055106/0001104659-25-055106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925055106/tm2516835d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-055106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer