debt
confidence high
sentiment neutral
materiality 0.60
Warrior Met Coal launches two tender offers for up to $300M of 7.875% Senior Secured Notes due 2028
WARRIOR MET COAL, INC.
- Restricted Payment Offer to purchase up to $150M at 103% of par; Tender Offer up to $150M at 104.25%, plus accrued interest.
- Automatic pro ration factor of 49.5674% applied as total outstanding Notes are $302.618M.
- Offers expire September 7, 2023; repurchase dates September 8 (RP) and September 11 (TO).
- Proceeds enable up to $150M in future restricted payments: special dividends or stock repurchases.
- Goldman Sachs is dealer manager for Tender Offer; D.F. King is tender agent for both offers.