Hallador Energy enters $140 million credit agreement to extend maturity

Chicago, Aug. 2 – Hallador Energy Co. entered into a new $140 million credit agreement on Wednesday, according to a press release.

PNC Bank is the administrative agent.

The facility breaks down into a $65 million term loan due March 31, 2026 and a $75 million revolver maturating July 31, 2026.

The amendment increased the maximum annual capital expenditure limit to $100 million.

The company said that it increased liquidity to $56.9 million via the new facility.

More details will be on Hallador’s form 10-Q to be filed with the Securities and Exchange Commission on Aug. 7 and during an investors earnings call on Aug. 8.

Terre Haute, Ind.-based Hallador supplies energy.

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