ABL Facility Closes

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Stock Coronado Global Resources Inc (CRN.ASX)
Release Time 18 Jun 2025, 8:22 a.m.
Price Sensitive Yes
 Coronado Closes US$150M Asset-Based Lending Facility
Key Points
  • Coronado completes definitive documentation for US$150 million asset-based lending facility
  • Facility provides secured funding to support strategic objectives
  • Liquidity position to be further improved by expansion projects and cost savings initiatives
Full Summary

Coronado Global Resources Inc. (ASX: CRN) has completed and executed definitive documentation for a previously announced US$150 million Asset-Based Lending (ABL) facility. The ABL facility provides secured funding to support the company's strategic objectives. Execution of the ABL facility is one of several key steps the company has completed to improve its liquidity position. Coronado continues to monitor its balance sheet and liquidity position in light of the challenging market backdrop for coal pricing. The company's expansion projects at Mammoth and Buchanan, which are ramping up in the second half of 2025, and US$100 million in cost-saving initiatives underway are expected to further materially improve the company's liquidity position. Odin Partnership Limited acted as financial advisor and placement agent to Coronado for this financing. The company has also lodged a Form 8-K with the United States Securities and Exchange Commission, which contains further details on the new ABL facility.