• Whitehaven's wholly owned subsidiary prices US$900 million in Senior Secured Notes
• Notes in two tranches with 5.5-year and 8-year maturities
• Proceeds to repay existing acquisition term loan and for general corporate purposes
• New capital structure to have lower cost of debt at around 6.3%

Whitehaven Coal Limited (ASX:WHC) has announced the pricing by its wholly owned subsidiary, Australian MetCoal Financing Pty Ltd, of US$900 million (approximately A$1,260 million) in aggregate principal amount of Senior Secured Notes (the 'Notes'). The Notes will be offered to qualified institutional buyers in the United States pursuant to Rule 144A under the United States Securities Act of 1933, as amended, and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. The Notes will be guaranteed by Whitehaven and certain wholly owned subsidiaries of Whitehaven. The Notes are in two tranches: a US$450 million tranche with a maturity of 5.5 years (maturing in October 2031) and a coupon rate of 6.25%, and a US$450 million tranche with a maturity of 8 years (maturing in April 2034) and a coupon rate of 6.75%. The settlement of the Notes is expected to occur on 22 April 2026, subject to customary closing conditions. Proceeds from the Notes will be used to repay the outstanding balance of Whitehaven's US$1.1 billion acquisition term loan facility and for general corporate purposes. Following the settlement of the Notes issuance and completion of the new syndicated bank facility, Whitehaven's new capital structure will have a lower cost of debt at around 6.3% and longer tenor. Whitehaven expects its annual interest expense to reduce by around A$50 - 55 million per annum based on current SOFR and Treasury rates.

Whitehaven expects its annual interest expense to reduce by around A$50 - 55 million per annum based on current SOFR and Treasury rates.