other_material
confidence high
sentiment positive
materiality 0.80
Coronado secures up to US$150M liquidity from Stanwell via prepayment and rebate waiver
Coronado Global Resources Inc.
- Stanwell provides ~US$75M prepayment and waives ~US$75M in ACSA rebates from Apr-Dec 2025, bearing 13% p.a. interest.
- In exchange, Stanwell gets optional access to 800,000 tpa thermal coal for five years starting 2027.
- 400,000 tpa priced at fixed forward curve above current spot; 400,000 tpa fully exposed to market price.
- At current prices, incremental annual cash flow from 2027 estimated at ~US$150M.
- Combined with recent US$150M ABL refinancing, adds up to US$300M in near-term liquidity.
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