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    Colin Tan

    Credit Investing & Trading Analyst at MLP

    Colin Tan is a Credit Investing & Trading Analyst at Millennium, specializing in credit markets and investment strategies within the financial sector. With nearly four years at Millennium, he has demonstrated expertise in analyzing and trading debt securities, supporting portfolio performance through effective credit research and investment execution. Since joining Millennium in 2021, Tan has established his reputation in credit analysis, building upon earlier professional experience in the finance industry. His credentials include quantitative credit analytics and direct investment execution for top-tier institutional clients, though details on specific companies covered and formal securities licenses are not publicly listed.

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

    Colin Tan's questions to Coronado Global Resources (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 (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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