secwatch.observer — SEC 8-K summary
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Issuer:     Coronado Global Resources Inc. (CODQL)
CIK:        0001770561
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001104659-25-056184
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925056184/0001104659-25-056184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770561/000110465925056184/tm2517050d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-056184

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