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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) has shared an announcement.
Coronado Global Resources Inc. has initiated a private placement offering of $400 million in senior secured notes due 2029, aiming to attract qualified institutional buyers in the United States and abroad. The raised funds are intended for redeeming the company’s outstanding senior secured notes due 2026, covering related costs, and supporting general corporate activities. Moreover, the company has announced its plan to redeem a portion of the existing notes, contingent on acquiring enough funds from acceptable debt financing to cover the redemption and associated expenses.
See more insights into CRN stock on TipRanks’ Stock Analysis page.