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Subsequent Events
 9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events
15.
 
Subsequent Events
On October
 
30, 2022,
 
the Company’s
 
Board of
 
Directors declared
 
a total
 
unfranked special
 
dividend of
 
$
225.0
million, or
13.4
 
cents per
 
CDI, comprising
 
$
23.5
 
million of
 
the unaccepted
 
portion of
 
the offer
 
to purchase
 
the
Notes made
 
in
 
connection
 
with the
 
ordinary
 
dividends
 
declared on
 
August
 
8, 2022,
 
plus
 
an additional
 
$
201.5
million. CDIs
 
will be
 
quoted as
 
“ex” dividend
 
on November
 
18, 2022,
 
Australia time.
 
The dividends
 
will have
 
a
record date of
November 21, 2022
, Australia
 
time, and
 
be payable
 
on
December 12, 2022
, Australia
 
time. The
total ordinary dividends of $
225.0
 
million will be funded from available cash.
In connection with the declared ordinary dividends, Coronado Finance Pty
 
Ltd, a wholly-owned subsidiary of the
Company, offered
 
to purchase up to $
200.0
 
million aggregate principal amount of the
 
Notes at a purchase price
equal
 
to
104
%
 
of
 
the
 
principal
 
amount
 
of
 
the
 
Notes,
 
plus
 
accrued
 
and
 
unpaid
 
interest
 
to,
 
but
 
excluding,
 
the
settlement date, pursuant to the terms of the
 
Indenture. The payment of the ordinary
 
dividends is not contingent
on acceptance of the offer to purchase the Notes
 
by the Note holders.