Coronado enters new US$150M ABL facility with 15% interest, Oaktree affiliate as lender

Coronado Global Resources Inc.

New senior secured ABL facility of up to US$150M, with Highland Park XII Pte. Ltd. (Oaktree affiliate) as lender.
Borrowings bear interest at 15% p.a.; undrawn amounts incur 9% commitment fee during first year.
Facility matures 3 years after closing; conditions precedent must be satisfied within 30 days.
Proceeds to fund working capital and general corporate purposes; replaces existing facility with HSBC and DBS Bank.
Contains quarterly leverage and interest coverage ratio covenants, plus customary events of default.

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