WARRIOR MET COAL, INC.

Two Warrior Met Coal subsidiaries won federal coal leases from the Bureau of Land Management covering 8,346 and 5,704 acres adjacent to Mine No. 1 and Mine No. 4, adding an estimated 53.2 million tons of recoverable coal reserves for roughly $47 million in bid payments spread over five years; mining plan approval followed in January 2026, clearing the leases for development.

asset acquisition disposition

Warrior Met Coal refinanced its 2017-2018 notes: it issued $350 million of new 7.875% senior secured notes due 2028 and used the proceeds to redeem all $475 million of the older 8.00% notes due 2024, while also entering a second amended-and-restated revolving credit facility - locking in lower-cost debt with a longer runway during a strong coal market.

debt financing

As a COVID-19 precaution, Warrior Met Coal drew $70 million against its revolving credit facility to bolster cash on hand and preserve financial flexibility amid pandemic-driven uncertainty.

debt financing

the exchange certified WARRIOR MET COAL, INC.'s securities for listing, clearing them to begin trading.

listing compliance notice

The company tapped its notes for a further $125 million (issued at a premium, fungible with the 2017 notes) to fund up to another $350 million in special dividends, and paid a $3.5 million consent fee to bondholders to loosen the dividend-payment covenant.

debt financing

Warrior Met Coal issued $350 million of 8.00% senior secured notes due 2024 and used the proceeds, plus cash on hand, to fund a $600 million special dividend ($11.21/share) - a major post-restructuring return of capital funded largely by new debt.

debt financing