secwatch.observer — SEC 8-K summary
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Issuer:     HALLADOR ENERGY CO (HNRG)
CIK:        0000788965
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001437749-24-030649
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hallador Energy amends credit agreement to allow forward PPAs; revises financial covenants
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- Debt service coverage test deferred to June 30, 2025; max leverage 5.50x through Mar 2025, then 2.25x.
- Minimum liquidity of $10M and min consolidated EBITDA of $5M for next three quarters.
- Mandatory prepayment of term loans up to $20M upon receipt of Eligible PPA payments.
- Amendment supports pursuit of data center power purchase agreements targeted by company RFP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788965/000143774924030649/0001437749-24-030649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788965/000143774924030649/hnrg20240930_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-030649

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