Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,672.20
0.7%
Copper
4.11
(1%)
Oil
70.13
1.58%
Bitcoin
98,306.98
4.19%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
0.1%
Hang Seng
19,601.11
(0.23%)

Coronado Global Resources (ASX: $CRN) prices US$400 million senior secured notes offering

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.

CORONADO GLOBAL RESOURCES INC.
CRN | ASX | Materials
0.920(+0%)
At close 20/11 (AEDT)
Market cap
$17.0B
Volume
846,951
DY Yield
0.014099999
PE Ratio
52 Week Range
0.86 - 1.81
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions