Coronado Global Resources Inc. Enters Material Definitive Agreement

TL;DR

Coronado Global Resources Inc. just signed a big deal, creating a new financial obligation. Details inside.

AI Summary

Coronado Global Resources Inc. entered into a material definitive agreement on October 2, 2024, related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific details regarding the nature of the agreement and the financial obligation are provided within the filing.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Coronado Global Resources Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The creation of a material definitive agreement and a direct financial obligation can introduce new financial risks or opportunities that require careful evaluation.

Key Players & Entities

• Coronado Global Resources Inc. (company) — Registrant
• October 2, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $400 million — ting to the issuance by the Issuer of US$400 million aggregate principal amount of 9.250% Se

Filing Documents

• tm2425386d1_8k.htm (8-K) — 40KB
• tm2425386d1_ex4-1.htm (EX-4.1) — 1095KB
• tm2425386d1_ex10-1.htm (EX-10.1) — 153KB
• tm2425386d1_ex10-1img001.jpg (GRAPHIC) — 4KB
• 0001104659-24-105425.txt ( ) — 1704KB
• none-20241002.xsd (EX-101.SCH) — 3KB
• none-20241002_lab.xml (EX-101.LAB) — 33KB
• none-20241002_pre.xml (EX-101.PRE) — 22KB
• tm2425386d1_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Issuance of Notes On October 2, 2024 (the "Closing Date"), Coronado Global Resources Inc., a Delaware corporation (the "Company"), entered into an indenture (the "Indenture") among Coronado Finance Pty Ltd (ACN 628 668 235), an Australian proprietary company and a wholly-owned subsidiary of the Company (the "Issuer" or "Australian Borrower"), the Company, the other guarantors party thereto (collectively with the Company, the "Guarantors") and Wilmington Trust, National Association, as trustee (the "Trustee"), and as priority lien collateral trustee, relating to the issuance by the Issuer of US$400 million aggregate principal amount of 9.250% Senior Secured Notes due 2029 (the "Notes"). The Notes were sold on the Closing Date through a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes bear interest at a rate of 9.250% per annum. Interest on the Notes is payable semi-annually in arrears on April 1 and October 1 of each year, commencing on April 1, 2025, to record holders of the Notes on the immediately preceding March 15 and September 15, as applicable. The Notes mature on October 1, 2029 and are senior secured obligations of the Issuer. The Notes are guaranteed on a senior secured basis by the Company and certain of the Company's subsidiaries that guarantee or is a borrower under the Company's ABL Facility (as defined below) or certain other debt and secured by (i) a first-priority lien on substantially all of the assets of the Issuer and eac

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The terms of the Indenture and the Notes are summarized in Item 1.01 of this Current Report on Form 8-K and are incorporated into this Item 2.03 by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed with this Current Report on Form 8-K: Exhibit No. Description of Exhibit 4.1 Indenture, dated as of October 2, 2024, among Coronado Finance Pty Ltd, as issuer, Coronado Global Resources Inc., as guarantor, the subsidiaries of Coronado Global Resources Inc. named therein, as additional guarantors, Wilmington Trust, National Association, as trustee and priority lien collateral trustee, relating to Coronado Finance Pty Ltd's 9.250% Senior Secured Notes due 2029. 4.2 Form of 9.250% Senior Secured Notes due 2029 (included in Exhibit 4.1). 10.1 First Amendment to Syndicated Facility Agreement, dated as of October 2, 2024, among Global Loan Agency Services Australia Pty Ltd, as administrative agent, Global Loan Agency Services Australia Nominees Pty Ltd, as collateral agent, Coronado Global Resources Inc., as holdings, and the guarantors named therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Coronado Global Resources Inc. By: /s/ Gerhard Ziems Name: Gerhard Ziems Title: Group Chief Financial Officer Date: October 2, 2024

View Full Filing

View this 8-K filing on SEC EDGAR