Business
Westpac, NAB hand Coronado lifeline, now for equity investors – The Australian Financial Review
Debt laden coal miner Coronado Global Resources has won over its banks – and is getting ready to try to do the same with equity investors.
Coronado is expected to seek to raise $US140 million ($195 million) in a placement and rights issue in coming days. The coal miner and its bankers – Citi, Credit Suisse and Goldman Sachs – were finalising details on Wednesday and were expected to start crossing fund managers as early as Thursday.
In normal years, Coronado’s biggest earner is the Curragh mine in Queensland. Robert Rough
Coronado shares went into a trading halt on Wednesday, after Street Talk revealed the raising plans.
Coron…
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