Item 8.01 Other Events.
Concurrent Tender Offers Expiration and Results
On March 25, 2019, Warrior Met Coal, Inc. (the “Company”) issued a press release announcing the expiration and results of its previously announced (i) offer to purchase (the “Restricted Payment Offer”), in cash, up to $150,000,000 principal amount of the Company’s outstanding 8.00% Senior Secured Notes due 2024 (the “Notes”), upon the terms and subject to the conditions set forth in the Restricted Payment Notice and Offer to Purchase, dated February 21, 2019, and related Letter of Transmittal for Notes, and (ii) cash tender offer (the “Tender Offer” and, together with the Restricted Payment Offer, the “Offers”) to purchase up to $150,000,000 principal amount of the Notes upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 21, 2019, and related Letter of Transmittal for Notes. The Offers expired at 5:00 P.M. (New York City time) on March 22, 2019.
A copy of the press release announcing the expiration and results of the Offers is attached as Exhibit 99.1 to this Current Report on Form8-K and is incorporated by reference into this Item 8.01.
New Stock Repurchase Program
On March 26, 2019, the Company issued a press release announcing that its board of directors has approved a stock repurchase program that authorizes repurchases of up to an aggregate of $70.0 million of its outstanding common stock.
A copy of the press release announcing the new stock repurchase program is attached as Exhibit 99.2 to this Current Report onForm 8-K and is incorporated by reference into this Item 8.01.