Warrior Met Coal Enters Material Agreement, Incurs Financial Obligation
Ticker: HCC · Form: 8-K · Filed: Sep 2, 2025 · CIK: 1691303
Sentiment: neutral
Topics: material-agreement, financial-obligation, debt
TL;DR
Warrior Met Coal just signed a big deal and took on new debt. Watch this space.
AI Summary
Warrior Met Coal, Inc. entered into a material definitive agreement on August 28, 2025, which also created a direct financial obligation. The company, incorporated in Delaware, filed this 8-K report on September 2, 2025, detailing these financial obligations and including exhibits.
Why It Matters
This filing indicates a significant new financial commitment or debt for Warrior Met Coal, which could impact its future financial flexibility and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and incurring direct financial obligations can introduce new financial risks and alter a company's debt structure.
Key Players & Entities
- WARRIOR MET COAL, INC. (company) — Registrant
- August 28, 2025 (date) — Date of earliest event reported
- September 2, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
FAQ
What type of material definitive agreement did Warrior Met Coal, Inc. enter into?
The filing states that Warrior Met Coal, Inc. entered into a material definitive agreement on August 28, 2025, but the specific details of the agreement are not provided in this excerpt.
What is the nature of the direct financial obligation incurred by the company?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement on August 28, 2025, but the specific terms and amount are not detailed in this section.
When was this 8-K report filed with the SEC?
This 8-K report was filed on September 2, 2025.
What is Warrior Met Coal's primary industry?
Warrior Met Coal, Inc. is in the BITUMINOUS COAL & LIGNITE MINING industry, with SIC code 1220.
Where is Warrior Met Coal, Inc. headquartered?
Warrior Met Coal, Inc.'s business address is 16243 Highway 216, Brookwood, Alabama 35444.
Filing Stats: 713 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2025-09-02 16:04:46
Key Financial Figures
- $0.01 — articipating Preferred Stock, par value $0.01 per share -- New York Stock Exchang
- $27.0 million — rowed under the Amended ABL Facility by $27.0 million to $143.0 million; (ii) extends the mat
- $143.0 million — mended ABL Facility by $27.0 million to $143.0 million; (ii) extends the maturity date of the
Filing Documents
- hcc-20250828.htm (8-K) — 60KB
- hcc-ex10_1.htm (EX-10.1) — 2690KB
- gfx132352348_0.gif (GRAPHIC) — 0KB
- 0001691303-25-000039.txt ( ) — 3209KB
- hcc-20250828.xsd (EX-101.SCH) — 51KB
- hcc-20250828_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement First Amendment to Second Amended and Restated Asset-Based Revolving Credit Agreement On August 28, 2025, Warrior Met Coal, Inc. (the "Company") entered into that certain First Amendment to Second Amended and Restated Asset-Based Revolving Credit Agreement (the "Amendment"), by and among the Company and certain of its subsidiaries, as borrowers, the guarantors party thereto, the lenders party thereto and Citibank, N.A. as administrative agent, which amends the Company's existing Second Amended and Restated Asset-Based Revolving Credit Agreement (the "credit facility", and the credit facility as amended by the Amendment, the "Amended ABL Facility"). The Amendment, among other things, (i) increases the aggregate commitments available to be borrowed under the Amended ABL Facility by $27.0 million to $143.0 million; (ii) extends the maturity date of the credit facility to the earlier of (x) August 28, 2030 and (y) 91 days prior to the maturity date of the Company's 7.875% Senior Notes due 2028 (if such notes are still outstanding as of such date); and (iii) amends certain borrowing base calculations and other terms and provisions of the credit facility. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information in Item 1.01 above is incorporated by reference into this Item 2.03.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Description 10.1 First Amendment to Second Amended and Restated Asset-Based Revolving Credit Agreement, dated as of August 28, 2025, by and among Warrior Met Coal, Inc. and certain of its subsidiaries, as borrower, the guarantors party thereto, the lenders party thereto and Citibank, N.A., as administrative agent) 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. Warrior Met Coal, Inc. Date: September 2, 2025 By: /s/ Dale W. Boyles Dale W. Boyles Chief Financial Officer