---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-056184"
form_type: "8-K"
ticker: "CODQL"
cik: "0001770561"
company_name: "Coronado Global Resources Inc."
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-20T00:04:49.235453+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-056184
- form_type: 8-K
- ticker: CODQL
- cik: 0001770561
- company_name: Coronado Global Resources Inc.
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770561/000110465925056184/0001104659-25-056184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770561/000110465925056184/tm2517050d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-056184
- JSON: https://secwatch.observer/filing/0001104659-25-056184.json
- Plain text: https://secwatch.observer/filing/0001104659-25-056184.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.