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Hallador Energy extends maturity, lowers interest of $238M credit facility

Hallador Energy Co. amended its $238 million credit facility with PNC Bank to extend the maturity by 16 months to September 2023.

The amendment also reduced the interest associated with the facility by 0.50%, making it the London interbank offered rate plus 3.00% in the company's current pricing grid.

"Hallador remains 77% contracted through 2022, affording our bank group and investors excellent cash flow visibility," CEO and Chairman Brent Bilsland said in an Oct. 2 statement.