• Coronado secures $150 million asset-based lending facility from Oaktree Capital
• Provides immediate $75 million cash injection and additional $75 million in future funding
• Flexible covenant structure to navigate low met coal price environment

Coronado Global Resources Inc. (ASX: CRN) has entered into a binding commitment letter for the refinancing of its existing asset-based lending (ABL) facility with Highland Park XII Pte. Ltd., an affiliate of Oaktree Capital Management, L.P. This forms part of a broader liquidity management plan which, together with its production-ready expansion projects and cost reduction initiatives, is expected to improve Coronado's ability to withstand the current period of sustained low met coal pricing. The three-year ABL facility will be secured against certain receivables and inventory assets, with the company drawing an initial $75 million at financial close. The remaining $75 million is available to be drawn down in minimum $25 million increments for a further 12 months. The drawn amounts are subject to periodic covenant testing of the borrowing base, with no testing of leverage and interest coverage financial covenants for the June 2025 quarter and covenant thresholds from the September 2025 quarter onwards designed to afford the business flexibility and time to navigate the current low price environment. The coupon on the new facility is at a fixed interest rate in the mid-teens, well below the current 18% yield on Coronado's high yield notes. The facility can be refinanced or repaid at any time and, after 18 months, without incurring any prepayment penalty.

This transaction forms part of a more comprehensive liquidity and balance sheet management program, which includes the Mammoth and Buchanan expansion projects that are on track and budget. The completion of these projects is expected to result in sales volume increase and lower capital expenditure in the second half and significant sustainable operating cost reduction. Mammoth is expected to end the 2025 calendar year with run-rate production of 1.5-2.0mt and the Buchanan expansion with 1.0mt.