debt
confidence high
sentiment positive
materiality 0.90
Coronado enters non-binding term sheet with Stanwell for US$265M facility and coal supply extension to 2043
Coronado Global Resources Inc.
- US$265M, 5-year facility at 9-12% interest from Stanwell replaces existing Oaktree loan; covenant flexibility.
- New Coal Supply Agreement end date extended from 2037 to 2043; nomination range widened to 1.2-2.24M tonnes/year.
- Stanwell waives ACSA rebate payments from 2026; ongoing prepayment support when cash balance below US$250M.
- Dividend restrictions: require at least US$300M liquidity post-dividend and reduction of prepayment balance.
- Transaction non-binding, subject to due diligence and approvals expected in November.