---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-020174"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2022-08-11T23:59:59+00:00"
generated_at: "2026-06-24T01:13:16.214461+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hallador Energy amends credit facility, issues $4M convertible notes to directors

## Summary
- Eighth amendment to credit agreement: max leverage ratio raised to 4.50x, debt service coverage waived for Q3 2022.
- Capex limit for 2022 raised to $40M; $20M of unsecured debt authorized through Oct 31, 2022.
- Issued $4.0M unsecured convertible notes (8% interest, due Dec 29, 2028) to two directors.
- Notes convertible at $6.254/share; proceeds used for working capital.
- Issuance exempt under Section 4(a)(2) and Rule 506(b) of Securities Act.

## SEC filing metadata
- accession: 0001437749-22-020174
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2022-08-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774922020174/0001437749-22-020174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774922020174/hnrg20220805_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-020174
- JSON: https://secwatch.observer/filing/0001437749-22-020174.json
- Plain text: https://secwatch.observer/filing/0001437749-22-020174.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.