Hallador gets four-year $147 million term loan, $120 million revolver

By Wendy Van Sickle

Columbus, Ohio, May 21 – Hallador Energy Co. entered into a new four-year $267 million credit agreement on Monday, according to a press release.

PNC Bank as the administrative agent.

The facility is comprised of a $147 million term loan and a $120 million revolver.

In addition to facility’s term being extended beyond that of the company’s previous credit facility, the loan substantially reduces debt service requirements, according to the release.

“We are happy to put our credit needs to bed for the next four years and will continue our intense focus on debt reduction,” said Brent Bilsland, President, chief executive officer and chairman of Hallador, said in the release.

“Since the original credit facility was established in August 2014, we have paid down $144 million of debt.”

Denver-based Hallador focuses on coal development and delivery.

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