debt
confidence high
sentiment positive
materiality 0.65
Warrior Met Coal completes tender offers for 7.875% Notes; $146M accepted, enables up to $300M shareholder returns
WARRIOR MET COAL, INC.
- Tender Offer accepted $146,002,000 aggregate principal at 104.25% of par plus accrued, pro-rated due to oversubscription.
- Restricted Payment Offer accepted $99,000 at 103% of par; total $146.1M notes repurchased.
- Approximately $156.5M of the 7.875% Senior Secured Notes due 2028 remain outstanding after the offers.
- Company now has capacity to make up to $299.9M in restricted payments (special dividends or share repurchases).
- D.F. King acted as tender agent; Goldman Sachs served as dealer manager for the Tender Offer.