Coronado Global Resources refinances ABL facility with commitment from Oaktree Capital

From Yahoo Finance.: 2025-06-04 10:37:00

Coronado Global Resources has refinanced its asset-based lending facility with a commitment from Oaktree Capital Management’s affiliate, Highland Park XII. The three-year ABL facility will inject $75m initially, with the flexibility to draw down an additional $75m in increments. This move is part of a liquidity management plan to strengthen the company’s financial position amid low metallurgical coal prices. The refinancing complements Coronado’s expansion projects, including Mammoth and Buchanan, which are expected to increase production to 1.5-2 million tonnes and 1 million tonnes by the end of 2025. The finalization of the ABL facility is pending approvals and document completion.



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