Overview of Coronado Global Resources Inc.'s announcement

Coronado Global Resources Inc. (ASX:CRN) has successfully priced an oversubscribed offering of US$400 million aggregate principal amount of 9.250% Senior Secured Notes due 2029 through its wholly-owned subsidiary, Coronado Finance Pty Ltd. The Notes will be guaranteed on a senior secured basis by the Company and certain subsidiaries, and will be used to redeem all of the Issuer's outstanding 10.750% Senior Secured Notes due 2026, pay related fees and expenses, and for general corporate purposes. The offering is expected to close on October 2, 2024.

Executive commentary on the announcement

The Company's successful pricing of the oversubscribed offering of senior secured notes reflects the confidence of qualified institutional buyers in the Company's financial position and future prospects. The proceeds from this offering will enable us to optimize our capital structure by redeeming higher-coupon debt and further strengthening our balance sheet. We remain committed to prudent financial management and are focused on enhancing shareholder value through disciplined capital allocation.

Summary of Coronado Global Resources Inc.'s announcement

Coronado Global Resources Inc. (ASX:CRN) has announced the successful pricing of an oversubscribed offering of US$400 million senior secured notes due 2029. The proceeds from this offering will be utilized to redeem existing higher-coupon debt, pay related fees and expenses, and for general corporate purposes. The Company expects the offering to close on October 2, 2024, subject to customary closing conditions. This strategic move is aligned with the Company's commitment to optimizing its capital structure and enhancing shareholder value through disciplined capital allocation. The successful pricing of the offering reflects the confidence of qualified institutional buyers in the Company's financial position and future prospects.