Hallador Energy Company entered into a new $140 million credit agreement on August 3, 2023 with PNC Bank as the administrative agent, extending the term of the agreement through 2026. The primary purpose of the amendment was to convert $65 million of the outstanding funded debt into a new term loan with a maturity of March 31, 2026, and enter into a revolver of $75 million with a maturity of July 31, 2026. The amendment increased the maximum annual capital expenditure limit to $100 million.