Coronado Secures $150 Million Lending Facility to Bolster Financial Stability

The latest announcement is out from Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ).

Coronado Global Resources Inc. has secured a $150 million asset-based lending facility with Oaktree Capital Management to refinance its existing facility. This move is part of a broader liquidity management plan aimed at stabilizing the company’s financial position amid low coal prices, providing immediate liquidity and future funding flexibility. The facility is designed to offer financial flexibility and is expected to support Coronado’s expansion projects and cost reduction initiatives, ultimately improving sales volume and reducing operating costs.

The most recent analyst rating on (AU:CRN) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh stock, see the AU:CRN Stock Forecast page.

More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh

Coronado Global Resources Inc. operates in the coal industry, focusing on the production of metallurgical coal. The company is involved in expansion projects and cost reduction initiatives to enhance its market position and financial stability.

Average Trading Volume: 12,677,462

Technical Sentiment Signal: Sell

Current Market Cap: A$176M

See more insights into CRN stock on TipRanks’ Stock Analysis page.