Cases & Deals

Coronado Global Resources completes US$550 million in combined financing

Client(s) Coronado Global Resources Inc.

Jones Day represented Coronado Global Resources Inc., in connection with (i) an offering of US$350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, (ii) a secured asset-based revolving credit agreement in an initial aggregate principal amount of US$100 million, and (iii) an offering of US$100 million aggregate principal amount of shares of its Common Stock in the form of CHESS Depositary Interests, which are listed on the Australian Stock Exchange.

Coronado Global Resources Inc. (ASX: CRN) is one of the world’s largest producers of high-quality metallurgical coal. Through Coronado’s market leading expertise, it operates some of the cleanest and lowest cost mines in the industry. Coronado employs approximately 1,500 people and its operations are located in two of the largest and most productive metallurgical coal basins in the world: the Bowen Basin in Queensland, Australia, and the Central Appalachian region of the USA. Coronado’s mining operations are situated close to transportation infrastructure and it supplies customers throughout the Asia-Pacific, India, the Americas, and Europe. With a diversified production base and significant Reserves and Resources, Coronado is well placed to grow over many years. As a reliable supplier to the steel industry, Coronado is dedicated to making a positive contribution to the global economy; and through its sustainable business practices, to the local economies and communities where it operates.