Peabody announced today that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million and extended the maturity date for $540 million of the facility to 2023 as part of a comprehensive refinancing initiative. Additionally, the credit facility was amended to permit the company's pending [...]
Peabody announced today that it intends, subject to market and other conditions, to offer and sell to eligible purchasers $900 million of senior secured notes due 2026 . The Notes will be guaranteed by all of Peabody's existing and future subsidiaries that guarantee its obligations under its credit facility. The Notes will also be secured by a [...]
Peabody announced today that, as of 5:00 p.m., New York City time, on September 11, 2019 , as reported by the tender agent, it had received tenders and consents from holders of approximately $495.3 million, or 99.06 percent, of the principal amount of its outstanding 6.000% Senior Secured Notes due 2022 , and it had received tenders and consents [...]
Peabody announced today that it has launched a process to refinance its term loan and revolver with larger facilities to accommodate the pending PRB/Colorado joint venture with Arch Coal, increase financial flexibility, extend debt maturities and increase pre-payable debt as part of the company's previously announced comprehensive refinancing [...]
Peabody announced today that it has commenced cash tender offers to purchase any and all of its $500,000,000 in outstanding aggregate principal amount of 6.000% Senior Secured Notes due 2022 and any and all of its $500,000,000 in outstanding aggregate principal amount of 6.375% Senior Secured Notes due 2025 . Peabody is pursuing the Offers [...]
Peabody announced today that its board of directors has declared a quarterly dividend of $0.145 per share on the company's common stock, payable on Sept. 11, 2019 to shareholders of record on Aug. 21, 2019. Today's dividend announcement is a $0.005 per share increase from the prior quarter and represents the fourth increase to the company's [...]
Second quarter results supported by strong Shoal Creek performance, solid seaborne thermal contributions and lower costs across multiple segments; Highly synergistic PRB/Colorado joint venture aimed at strengthening competitiveness of coal while creating substantial value for customers and shareholders; Share repurchases targeted to accelerate in [...]
On Wednesday, July 31, 2019, Peabody will announce results for the quarter ended June 30, 2019. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, July 31. The call, replay and other investor data will be available at PeabodyEnergy.com. Participants may also access the call using the following phone numbers [...]
Peabody today announced it has commenced re-entry of Zone 1 of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate. Activities are part of a comprehensive, phased reventilation and safe re-entry plan for the mine. "Following the reventilation of Zone 1 of the mine, our team is ready to return underground and move us yet [...]
- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million - Optimal combination expected to create one of lowest-cost thermal coal suppliers in U.S. to strengthen competitiveness against natural gas and renewables and create value - JV ownership to be 66.5% Peabody and [...]
Peabody's Derek Launius was named "Reclamationist of the Year" this week by the American Society of Mining and Reclamation for his outstanding accomplishments in the evaluation and application of technology used in land restoration. Launius, a senior environmental engineer at Peabody's Arclar Complex in Illinois, is responsible for land stewardship [...]
Peabody today announced it is proceeding with the ventilation of the first segment of the North Goonyella Mine in consultation with the Queensland Mine Inspectorate as part of a comprehensive phased reventilation and re-entry plan and expected longwall production in 2020. "This marks an important first step in the next phase of activities aimed at [...]
