Conuma Resources Limited

Overview

Deal Type Debt Capital Markets
Size $27.5 Million
Senior Secured Revolving Credit Facility
$250 Million
Senior Secured Notes
Client & Transactional Partners Conuma Resources Limited
Our Role Left Lead Arranger
Sole Bookrunner
Administrative Agent
Joint Bookrunner
Syndication Agent

Summary

On April 24, 2023, KeyBanc Capital Markets (KBCM) successfully closed on a $27.5 million Senior Secured Revolving Credit Facility (the Revolver) and $250 million of Senior Secured Notes (the Notes) for Conuma Resources Limited (Conuma or the Company). Proceeds from the transaction will be used to refinance existing indebtedness, support ongoing working capital needs, and fund capital expenditures. KBCM acted as Left Lead Arranger, Sole Bookrunner, Sole Syndication Agent, and Administrative Agent on the Revolver, and Joint Bookrunner on the Notes.

Conuma is a North American producer and exporter of premium steel making coal from the Peace River Coalfield in British Columbia, Canada. Since the Company was founded in late 2016 and restarted mining operations at three surface mines, Conuma has rapidly expanded its production of premium mid-vol hard coking coal and ultra low-vol PCI. The Company’s mines are strategically located near key rail and port infrastructure, offering a significant competitive advantage throughout the Seaborne market when compared to other producers in Western Canada and the remainder of North America.

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