Coronado offers to repurchase up to $100 million of its 10¾% notes

By Rebecca Melvin

Concord, N.H., Feb. 25 – Coronado Global Resources Inc. announced that its wholly owned subsidiary, Coronado Finance Pty Ltd., commenced an offer to purchase for cash up to $100 million principal amount of its 10¾% senior secured notes due 2026 on Feb. 24, according to a an 8-K filing with the Securities and Exchange Commission.

The offer will expire at 5 p.m. ET on March 28. The notes will be purchased at 104 plus accrued interest with settlement anticipated on March 29.

If the amount of notes tendered exceeds the $100 million available repurchase amount, the issuer will select notes to be purchased on a pro rata basis.

Wilmington Trust NA is the trustee.

The issuer is a Brisbane, Australia-based coal producer.

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