Whitehaven Coal (ASX:WHC) priced a $900 million offering of senior secured notes in a dual-tranche offering to eligible buyers, according to a Thursday filing with the Australian bourse.
One tranche of $450 million carries a maturity of 5.5 years and a coupon rate of 6.25%, while the second $450 million tranche has an 8-year maturity and a coupon of 6.75%, per the filing.
Whitehaven said it plans to use the proceeds to repay dues under its $1.1 billion acquisition term loan facility and for general corporate purposes.
The notes are expected to settle on April 22.
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