| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2022 > News item |
Coronado Finance concludes tender offer for 10¾% notes due 2026
By Marisa Wong
Los Angeles, Dec. 2 – Coronado Global Resources Inc. confirmed the expiration of wholly owned subsidiary Coronado Finance Pty Ltd.’s offer to purchase for cash up to $200 million of its 10¾% senior secured notes due 2026, according to a Friday press release.
Under the indenture governing the notes, the issuer was obligated to make an offer to purchase an amount of the notes equal to a portion of the dividend declared on Oct. 30.
Holders will receive for each $1,000 principal amount of tendered notes $1,040 in cash plus accrued interest.
Payment will be made on Dec. 5.
After purchase of the tendered and accepted notes, about $242.3 million of the notes will remain outstanding.
Wilmington Trust NA is the trustee.
Coronado is a Brisbane, Australia-based producer of metallurgical coal used for steel production.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.