Coronado Global Resources Inc. announces commencement of US$400.0 million Notes Offering

Coronado Global Resources Inc. (ASX:CRN) has commenced an offer to sell US$400.0 million of senior secured notes through its wholly-owned subsidiary, Coronado Finance Pty Ltd. The proceeds from the offering will be utilized 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.

Executive Commentary on Notes Offering and Existing Notes Redemption

The Company is pleased to announce the commencement of the Notes Offering, which will provide an opportunity to redeem the outstanding 10.750% Senior Secured Notes due 2026. The offering reflects our commitment to optimizing our capital structure and addressing upcoming debt maturities. We believe that the proposed offering will enhance our financial flexibility and support our long-term corporate objectives. Additionally, the conditional notice of redemption for the Existing Notes underscores our proactive approach to managing our financial obligations and capital resources.

Summary of Coronado Global Resources Inc.'s Announcement

Coronado Global Resources Inc. (ASX:CRN) has initiated a US$400.0 million Senior Secured Notes offering through its subsidiary, Coronado Finance Pty Ltd. The proceeds from the offering will be utilized 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 Company's proactive approach to managing its financial obligations and capital resources is evident in the conditional notice of redemption for the Existing Notes. The proposed offering is expected to optimize the Company's capital structure, enhance financial flexibility, and support its long-term corporate objectives. The announcement reflects the Company's strategic initiative to address upcoming debt maturities and reinforce its commitment to prudent financial management.