other material
confidence high
sentiment neutral
materiality 0.50
Hallador Energy amends credit agreement to allow Merom Generating Station acquisition; LC sublimit raised to $30M
HALLADOR ENERGY CO
- Ninth Amendment to credit agreement with PNC as administrative agent, executed Sept 28, 2022.
- Amendment explicitly permits Hallador Power Company to acquire Hoosier Energy's 1-GW Merom Generating Station per prior Asset Purchase Agreement.
- Letters of Credit sublimit increased from $25M to $30M.
- Lenders also consented to trust agreement for surety bonds to Indiana Department of Environmental Management.
- No other material changes; representations and warranties reaffirmed; no defaults.