(NYSE:HCC) BROOKWOOD, Ala.--(BUSINESS WIRE)--Warrior Met Coal, Inc. (NYSE: HCC) (“Warrior” or the “Company”) announced today that it has amended and extended its existing Second Amended and Restated Asset-Based Revolving Credit facility (as so amended and extended, the “Amended ABL facility” or “credit facility”). Under the Amended ABL facility, among other things, (i) the aggregate commitments available to be borrowed under the credit facility have been increased by $27.0 million to $143.0 million; (ii)
Related Questions
How will the increased commitment and extended term of the ABL facility affect Warrior Met Coal's liquidity and leverage ratios?
What are the specific covenant and interest rate changes in the amended facility, and how might they influence the company's cost of capital?
How does this credit amendment compare to financing structures of peer companies in the coal sector, and what could be the market reaction to the news?