secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001437749-22-020174
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774922020174/0001437749-22-020174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774922020174/hnrg20220805_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-020174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer