Coronado Global Resources amends revolver to incorporate SOFR

By Wendy Van Sickle

Columbus, Ohio, July 6 – Coronado Global Resources Inc. and its wholly owned subsidiaries Coronado Finance Pty Ltd. and Coronado Coal Corp. on July 1 amended their credit agreement dated May 12, 2021 to convert the interest-rate basis to term SOFR from Libor, according to an 8-K filing with the Securities and Exchange Commission.

Citibank, NA is the administrative agent for the $100 million senior secured asset-based revolving credit facility.

Coronado Global Resources is a producer of high-quality metallurgical coal. It is based in Brisbane, Australia.

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