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September 3, 2025 - Warrior Met Coal, Inc. (NYSE: HCC) has announced 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) the maturity date has been extended to the earlier of (x) August 28, 2030 and (y) 91 days prior to the maturity date of the Company’s 7.875% Senior Notes due 2028 (if such notes are still outstanding as of such date); and (iii) certain borrowing base calculations and other terms and provisions have been amended. The Amended ABL facility reflects Warrior’s strategic decision to expand its total liquidity as it draws closer to the longwall startup at its transformational Blue Creek growth project, which the Company expects will increase its annual run rate volumes by approximately 75%. This incremental liquidity is expected to support the Company’s long-term operational growth as Blue Creek ramps up to its full capacity in the near future. About Warrior Warrior is a U.S.-based, environmentally, and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal metallurgical (met) coal used as a critical component of steel production by metal manufacturers in Europe, South America, and Asia. Warrior is a large-scale, low-cost producer and exporter of premium quality met coal, also known as hard coking coal (“HCC”), operating highly efficient longwall operations in its underground mines based in Alabama. The HCC that Warrior produces from the Blue Creek coal seam contains very low sulfur and has strong coking properties. The premium nature of Warrior’s HCC makes it ideally suited as a base feed coal for steel makers. For more information, please visit www.warriormetcoal.com. |
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