Coronado signs $150M ABL facility with Oaktree; initial draw $75M to bolster liquidity

Coronado Global Resources Inc.

Binding commitment for 3-year ABL facility secured against receivables and inventory; initial draw of $75M at close.
Remaining $75M available in $25M increments over 12 months; no leverage covenant testing for June 2025 quarter.
Fixed coupon in mid-teens, below current 18% yield on high-yield notes; no prepayment penalty after 18 months.
Cash balance ~$160M at end-May 2025; $140M capex spent YTD, $80M remaining for rest of year.
Cost reduction initiatives expected to improve liquidity by ~$100M in 2025; Mammoth and Buchanan expansions on track.

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