secwatch.observer — SEC 8-K summary
======================================

Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001437749-23-021713
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Enters $140M Credit Facility Through 2026; Liquidity Increases to $56.9M
--------------------------------------------------------------------------------

- Converts $65M of funded debt into term loan maturing March 31, 2026; adds $75M revolver maturing July 31, 2026.
- Interest rate: SOFR plus 4.00%-5.00% based on leverage ratio; max leverage 2.25x, debt service coverage 1.25x.
- Maximum annual capex raised to $100M; permitted capital leases up to $25M; unsecured debt issuance up to $50M.
- CEO Brent Bilsland says facility provides increased liquidity and flexibility for future power sales and profits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774923021713/0001437749-23-021713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774923021713/hnrg20201221_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021713

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