Coronado Australia Holdings launches term loan technical amendment

By Sara Rosenberg

New York, May 10 – Coronado Australia Holdings Pty Ltd. was scheduled to hold a lender call at 4 p.m. ET on Thursday to launch a technical amendment to its $700 million term loan due March 29, 2025 to change reporting standards to GAAP from A-IFRS, according to a market source.

Additionally, the amendment would revise the first reporting period to the period ending June 30, 2018, the source said.

Deutsche Bank Securities Inc. is the administrative agent on the deal.

Lenders are being offered a 5 bps amendment fee, the source added.

Signatures are due by the close of business on Monday.

Pricing on the term loan will remain at Libor plus 650 basis points with a 1% Libor floor.

Coronado Australia is a metallurgical coal producer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.