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    Colin Tan • MLP

    Colin Tan's questions to Coronado Global Resources Inc (CODQL) leadership

    Colin Tan's questions to Coronado Global Resources Inc (CODQL) leadership • Q1 2025

    Question

    Colin Tan asked for clarification on the ABL facility's $100 million minimum cash balance requirement. He also questioned the risk of lenders reducing their exposure during restructuring and whether prepaid financing structures are permissible under the current debt agreements.

    Answer

    CFO Barrie Van Der Merwe confirmed the $100 million minimum cash requirement is part of the current waiver (valid until May 31) and that the preference is to remove it in a new structure. While acknowledging market volatility, he expressed confidence in having alternative financing options. Van Der Merwe also affirmed that prepaid financing structures are allowed under the existing ABL financing documents.

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    Colin Tan's questions to Coronado Global Resources Inc (CODQL) leadership • Q1 2025

    Question

    Colin Tan from MLP inquired about the ABL facility's $100 million minimum cash balance requirement, the risk of lenders reducing their exposure, and whether prepaid financing is permissible under the current debt agreements.

    Answer

    CFO Barrie Van Der Merwe confirmed the $100 million minimum cash requirement is part of the current temporary waiver and the company aims to remove it in a restructured facility. He expressed confidence in managing lender relationships due to having multiple alternative financing options. He also affirmed that prepaid financing structures are allowed under the existing ABL documentation.

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