secwatch.observer — SEC 8-K summary
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Issuer:     WARRIOR MET COAL, INC. (HCC)
CIK:        0001691303
Form:       8-K
Filed at:   2021-12-07T23:59:59+00:00
Accession:  0001193125-21-350265
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warrior Met Coal issues $350M 7.875% notes, redeems $343M 8% existing notes; enters $132M ABL facility
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- Issued $350M aggregate principal of 7.875% senior secured notes due December 2028.
- Proceeds plus cash on hand used to redeem all $343.435M outstanding 8.00% senior secured notes due 2024.
- Entered into $132M second amended and restated asset-based revolving credit facility maturing December 2026.
- Interest on new notes payable semiannually on June 1 and December 1 starting June 1, 2022.
- ABL facility changes interest rate benchmark from LIBOR to SOFR and increases letter-of-credit sublimit to $65M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1691303/000119312521350265/0001193125-21-350265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1691303/000119312521350265/d259451d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-350265

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