Coronado Global Resources completes US$150 million financing
Client(s) Coronado Coal, LLC
Jones Day represented Coronado Global Resources, Inc. in connection with the replacement of its existing US$100 million asset-based lending facility maturing in May 2024 with a new US$150 million asset-based lending facility maturing in May 2026. The new asset-based facility was provided by HongKong and Shanghai Banking Corporation Limited, Sydney Branch and DBS Bank Limited, Australian Branch.
The new asset-based facility provides for up to US$150 million in borrowings including a US$100 million sublimit for the issuance of letters of credit and a US$70 million sublimit for a revolving credit facility.