Brief: Allegiance Coal Completes Binding Terms Sheet For $40M Loan

Allegiance Coal

15/08/2022 02:15

Aug 15 (Reuters) - Allegiance Coal Ltd  AHQ.AX :
    * COMPLETES BINDING TERMS SHEET FOR US$40M LOAN AND COAL
OFF-TAKE
CONTRACT WITH MARCO INTERNATIONAL
    * PRICE FOR COAL FOR TERM OF CONTRACT IS US$220/T
    * SECURES US$40 MILLION, THREE YEAR SECURED LOAN, FROM MARCO
INTERNATIONAL
    * UNDER COAL OFF-TAKE,NEC AND BWM TO SEEL UP TO 40KT PER
MONTH OF
COAL TO MARCO COMMENCING 1 OCT FOR ONE YEAR
    * MARCO HAS RIGHT TO EXTEND CONTRACT FOR ANOTHER YEAR AT
EXPIRY OF
YEAR ONE

Source text for Eikon:  ID:nASX78cqLf 
Further company coverage:  AHQ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))