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How Coronado’s $150M Loan Could Transform Its Coal Expansion Plans
8:35am on Wednesday 4th of June, 2025 AEST
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Mining
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How Coronado’s $150M Loan Could Transform Its Coal Expansion Plans
8:35am on Wednesday 4th of June, 2025 AEST
Key Points
Entered $150 million three-year asset-based lending facility with Oaktree
Initial $75 million drawn to refinance debt and support working capital
Facility offers fixed mid-teens interest rate, lower than existing notes yield
Supports Mammoth and Buchanan expansion projects and cost reduction plans
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