HALLADOR ENERGY CO (HNRG) 8-K Current Report: March 10, 2026
Filed: March 10, 2026
Utilities
Electric ServicesHALLADOR ENERGY CO (HNRG) 8-K current report filed with SEC EDGAR on March 10, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items2 items
- Item 1.01: Entry into a Material Definitive Agreement
- Item 1.02: Termination of a Material Definitive Agreement
HALLADOR ENERGY CO 8-K Mar 10, 2026 Event Analysis
Item 1.01 · Entry into a Material Definitive Agreement
- • Total facility: $120M combined — $75M revolving credit + $45M delayed draw term loan, both maturing March 5, 2029
- • Replaces existing PNC Bank credit agreement; proceeds fund refinancing plus working capital/general corporate purposes
- • Interest rate: Term SOFR + 3.25%–3.75% margin (leverage-based); 0.50% unused commitment fee on revolver
- • Incremental capacity: up to $25M in additional commitments available subject to conditions
- • Key covenants: total leverage ratio max 2.50x–3.25x, minimum liquidity $20M–$30M, fixed charge coverage 1.25x
Item 1.02 · Termination of a Material Definitive Agreement
- • Hallador terminated its existing PNC Bank credit agreement effective March 5, 2026, replaced by a new Credit Agreement
- • No termination penalties incurred — clean exit from prior facility with zero breakage costs
- • Transition signals a refinancing event; investors should review new Credit Agreement terms for rate, size, and covenant changes
Other HALLADOR ENERGY CO 8-K Filings
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