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Coronado Global Resources Inc (ASX:CRN)

ALERT: Price-sensitive ASX Announcement for CRN
Current share price for CRN : $0.165 -0.165 (-50%)+
Announcement
Release
28 Oct 2025 8:22AM
Price at Release
$0.330
Full Release
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Summary
Coronado Global Resources Inc. has announced a proposed financial support transaction with Stanwell Corporation Ltd. aimed at enhancing its short- and long-term financial viability. The deal is expected to support local employment and secure a significant portion of Queensland’s energy requirements. Under this proposal, the New Coal Supply Agreement will be extended to 2043, and an existing loan will be replaced by a new US$265 million facility provided by Stanwell. This transaction provides financial flexibility and liquidity support, with Coronado required to maintain certain liquidity levels before declaring dividends.
Key Points
  • Coronado Global Resources Inc. proposes a transaction with Stanwell Corporation Ltd.
  • The transaction aims to improve Coronado's financial viability.
  • This arrangement supports local jobs and secures 10% of Queensland’s energy needs.
  • The transaction will extend the New Coal Supply Agreement end date to 2043.
  • Stanwell will replace an existing asset-based loan with a new US$265M facility.
  • Stanwell will have first priority security over Coronado’s working capital assets.
  • Stanwell will provide prepayments for future coal supply under certain conditions.
  • Coronado must maintain a liquidity threshold when declaring dividends.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.