Coronado Global Resources Inc. (CODQL): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Coronado Global Resources Inc. incurred revolving credit of US$150 million with Global Loan Agency Services Australia Pty Ltd, as administrative agent, and Highland Park XII Pte. Ltd., an affiliate of Oaktree Capital Management, L.P., as lender at 15% per annum (with a 9% per annum commitment fee payable on undrawn amounts dur maturing three years after the closing date under the ABL Facility.

Instrument: revolving credit
Principal: US$150 million
Counterparty: Global Loan Agency Services Australia Pty Ltd, as administrative agent, and Highland Park XII Pte. Ltd., an affiliate of Oaktree Capital Management, L.P., as lender
Rate: 15% per annum (with a 9% per annum commitment fee payable on undrawn amounts dur
Maturity: three years after the closing date under the ABL Facility
Event: incurrence

Exact text from the filing

entered into an amendment and restatement of its existing senior secured asset-based revolving credit agreement in an initial aggregate principal amount of US$150 million (the “ABL Facility”)

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Source: SEC EDGAR

accession 0001104659-25-060320

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