Nachrichten May 12, 2021

$350 Million Inaugural US Notes Offering by a Subsidiary of Coronado Global Resources

Shearman & Sterling advised Credit Suisse Securities (USA), Citigroup Global Markets and BMO Capital Markets as joint bookrunners, in connection with an inaugural U.S. Rule 144A/Regulation S private placement by a subsidiary of Coronado Global Resources (Coronado) of $350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026. The notes offering was conducted substantially concurrently with the closing of an asset-backed revolving facility (ABL Facility) and an offering of shares of common stock of Coronado in the form of CHESS Depository Receipts. Collateral for the notes and the ABL Facility includes substantially all of the assets of Coronado, the notes issuer and the guarantors.

Coronado is one of the world’s largest producers of high-quality metallurgical coal, operating 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.

The Team