April 28, 2018

Conuma Coal Resources Limited US$225 Million Refinancing

Conuma Coal successfully closed a refinancing of its existing debt by way of the issuance of US$200 million of 10% Senior Secured Notes and a US$25 million credit facility. The proceeds of the issuance and credit facilities were used to refinance existing debt, pay a special dividend and to fund certain reserves. This was a significant financing of a coal company; cross-border; high-yield debt combined with credit facilities.

Goodmans was lead Canadian counsel to Conuma Coal on all Canadian aspects of the note offering and credit facilities.

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Conuma Coal Resources Limited US$225 Million Refinancing

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