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Whitehaven Coal Limited (ASX:WHC)

ALERT: Price-sensitive ASX Announcement for WHC
Current share price for WHC : $7.590 -0.91 (-10.71%)+
Announcement
Release
16 Apr 2026 8:54AM
Price at Release
$8.500
Full Release
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Summary
Whitehaven Coal Limited announced the pricing of US$900 million senior secured notes, issued by its subsidiary Australian MetCoal Financing Pty Ltd. This issuance includes two tranches: a US$450 million tranche with a maturity of 5.5 years at a 6.25% coupon rate, and another US$450 million tranche maturing in 8 years at 6.75%. The settlement will occur in New York on 22 April 2026. The proceeds will repay the outstanding balance of Whitehaven's US$1.1 billion acquisition term loan and support general corporate purposes. This will lead to a reduction in annual interest expenses by A$50-55 million and result in a new capital structure with lower debt costs and longer tenure. These notes are not registered under the U.S. Securities Act or Australian securities laws and are guaranteed by Whitehaven and its subsidiaries. The announcement contains forward-looking statements.
Key Points
  • Whitehaven Coal Limited announces the pricing of US$900 million in senior secured notes.
  • The notes are issued by Australian MetCoal Financing Pty Ltd, a subsidiary of Whitehaven.
  • Two tranches: US$450 million maturing in 5.5 years at 6.25% and US$450 million maturing in 8 years at 6.75%.
  • Settlement in New York expected on 22 April 2026.
  • Proceeds to repay a US$1.1 billion acquisition term loan and for general corporate purposes.
  • Expected annual interest expense reduction of A$50-55 million.
  • New capital structure with reduced debt cost and extended tenor.
  • Not registered under the U.S. Securities Act or Australian securities laws.
  • Senior secured notes will be guaranteed by Whitehaven and certain subsidiaries.
  • This announcement includes forward-looking statements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.