secwatch.observer — SEC 8-K summary
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Issuer:     WARRIOR MET COAL, INC. (HCC)
CIK:        0001691303
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001193125-21-333789
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warrior Met Coal launches $350M senior secured notes offering to redeem existing 8% notes due 2024
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- Proposes $350M of senior secured notes due 2028 in a private offering; net proceeds plus cash to redeem all outstanding 8.00% senior secured notes due 2024.
- Redemption price set at 102% of principal plus accrued interest; scheduled redemption date December 18, 2021, subject to successful offering close.
- Plans to amend and restate ABL facility concurrently: extend maturity to 5th anniversary, increase LC sublimit to $65M, switch from LIBOR to SOFR.
- As of September 30, 2021, available restricted payment capacity under Cumulative Credit basket was approximately $470.2M; $58.8M in unused Declined Amounts as of November 18, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691303/000119312521333789/0001193125-21-333789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691303/000119312521333789/d148907d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-333789

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