Warrior Met Coal (NYSE: HCC) expands and extends ABL credit line

Rhea-AI Filing Summary

Warrior Met Coal, Inc. entered into a First Amendment to its Second Amended and Restated Asset-Based Revolving Credit Agreement. The amendment increases the aggregate commitments available under the revolving credit facility by $27.0 million to $143.0 million.

The Amended ABL Facility also extends the maturity date to the earlier of August 28, 2030 or 91 days before the maturity of the company’s 7.875% Senior Notes due 2028, if those notes are still outstanding, and revises borrowing base calculations and other terms.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 2, 2025 (August 28, 2025)

WARRIOR MET COAL, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-38061	81-0706839
(State or other jurisdiction of incorporation or organization)		(Commission File Number)	(I.R.S. Employer Identification No.)
16243 Highway 216
Brookwood,	Alabama		35444
(Address of Principal Executive Offices)			(Zip Code)

Registrant's telephone number, including area code: (205) 554-6150

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.01 per share	HCC	New York Stock Exchange
Rights to Purchase Series A Junior Participating Preferred Stock, par value $0.01 per share	--	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 1.01 Entry into a Material Definitive Agreement

First Amendment to Second Amended and Restated Asset-Based Revolving Credit Agreement

On August 28, 2025, Warrior Met Coal, Inc. (the “Company”) entered into that certain First Amendment to Second Amended and Restated Asset-Based Revolving Credit Agreement (the “Amendment”), by and among the Company and certain of its subsidiaries, as borrowers, the guarantors party thereto, the lenders party thereto and Citibank, N.A. as administrative agent, which amends the Company's existing Second Amended and Restated Asset-Based Revolving Credit Agreement (the “credit facility”, and the credit facility as amended by the Amendment, the “Amended ABL Facility”). The Amendment, among other things, (i) increases the aggregate commitments available to be borrowed under the Amended ABL Facility by $27.0 million to $143.0 million; (ii) extends the maturity date of the credit facility to the earlier of (x) August 28, 2030 and (y) 91 days prior to the maturity date of the Company's 7.875% Senior Notes due 2028 (if such notes are still outstanding as of such date); and (iii) amends certain borrowing base calculations and other terms and provisions of the credit facility.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Exhibit Description
10.1		First Amendment to Second Amended and Restated Asset-Based Revolving Credit Agreement, dated as of August 28, 2025, by and among Warrior Met Coal, Inc. and certain of its subsidiaries, as borrower, the guarantors party thereto, the lenders party thereto and Citibank, N.A., as administrative agent)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Warrior Met Coal, Inc.
Date: September 2, 2025	By:		/s/ Dale W. Boyles
			Dale W. Boyles
			Chief Financial Officer

FAQ

What financing change did Warrior Met Coal (HCC) disclose in this 8-K?

Warrior Met Coal disclosed an amendment to its asset-based revolving credit agreement. The amendment increases total commitments, extends the facility’s maturity, and adjusts borrowing base calculations and other terms with existing lenders and Citibank, N.A. acting as administrative agent.

How much did Warrior Met Coal (HCC) increase its ABL credit commitments?

The company increased commitments under its asset-based revolving credit facility by $27.0 million, bringing total aggregate commitments to $143.0 million. This larger commitment amount provides a higher ceiling on the borrowings permitted under the amended revolving credit agreement.

What is the new maturity for Warrior Met Coal’s amended credit facility?

The amended credit facility now matures on the earlier of August 28, 2030 or 91 days before the maturity of Warrior Met Coal’s 7.875% Senior Notes due 2028, if those notes remain outstanding at that time.

Which counterparties are involved in Warrior Met Coal’s amended ABL facility?

The amended facility involves Warrior Met Coal, certain subsidiaries as borrowers, guarantors party to the agreement, the lenders party to the facility, and Citibank, N.A. serving as administrative agent under the First Amendment to the revolving credit agreement.

What aspects of Warrior Met Coal’s borrowing base were changed in the amendment?

The amendment modifies certain borrowing base calculations and other provisions of the asset-based revolving credit agreement. These changes affect how available borrowing capacity is determined under the Amended ABL Facility, although specific formula details are contained in the full amendment text.

Where can investors find the full text of Warrior Met Coal’s ABL amendment?

The full First Amendment to the Second Amended and Restated Asset-Based Revolving Credit Agreement is filed as Exhibit 10.1 to the report and is incorporated by reference, providing complete legal terms and conditions of the amended facility.