---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-060320"
form_type: "8-K"
ticker: "CODQL"
cik: "0001770561"
company_name: "Coronado Global Resources Inc."
filed_at: "2025-06-17T23:59:59+00:00"
generated_at: "2026-05-19T04:51:50.729001+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-060320
- form_type: 8-K
- ticker: CODQL
- cik: 0001770561
- company_name: Coronado Global Resources Inc.
- filed_at: 2025-06-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770561/000110465925060320/0001104659-25-060320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770561/000110465925060320/tm2518074d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-060320
- JSON: https://secwatch.observer/filing/0001104659-25-060320.json
- Plain text: https://secwatch.observer/filing/0001104659-25-060320.txt

## Key facts
- Debt Financings
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770561/000110465925060320/0001104659-25-060320-index.htm

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