Peabody Energy today announced the successful conclusion of its previously announced solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066. The purpose of the consent solicitation was to amend the indenture related to the convertible debentures by eliminating provisions relating to mandatory and [...]
Peabody Energy today announced that it has extended until 5:00 p.m., New York City time, on June 25, 2014, its solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 to amend the related indenture. Consents with respect to the convertible debentures may be revoked at any time prior to the earlier of [...]
Peabody Energy Chairman and Chief Executive Officer Gregory H. Boyce today called for an all-in energy plan with greater use of coal to secure a long-term supply of low-cost electricity that is vital to a high-growth economic and industrial base. "Affordable energy – largely fueled by advanced coal – will help reindustrialize North America's [...]
Peabody Energy today announced that it has extended until 5:00 p.m., New York City time, on June 17, 2014 (such date and time, the "New Expiration Time"), its solicitation of consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 (the "convertible debentures") to amend the related indenture. This announcement has no [...]
We believe that everyone deserves access to low-cost electricity, and everyone wants the air to be a bit cleaner every day. Advanced coal-fueled electricity is essential to these twin goals. It's no surprise that coal's market share of U.S. generation has expanded greatly in the past two years, given its role as the most reliable and affordable [...]
Chairman and Chief Executive Officer Gregory H. Boyce was recognized by the World Coal Association (WCA) for global leadership in mining safety. Boyce was honored with the WCA Chairman's Special Award, presented Monday at the World Coal Association board of directors meeting in Canberra, Australia. The honor is a special designation from Dr. Zhang [...]
Peabody Energy today announced that it has begun to solicit consents from holders of its 4.75% Convertible Junior Subordinated Debentures due 2066 to amend the related indenture. Details regarding the proposed amendments are contained in a Current Report on Form 8-K filed today with the SEC. To adopt the proposed amendments, Peabody must obtain [...]
Peabody Energy (NYSE: BTU) today announced that it has entered into a sale and purchase agreement with Singapore-based Bentley Resources to sell its Wilkie Creek Mine in Queensland's Surat Basin for approximately US$70 million in cash and the assumption of rail/port obligations and other liabilities, with closing subject to certain conditions [...]
Peabody Energy announced today that it has extended the term of employment for Chairman and Chief Executive Officer Gregory H. Boyce by six months as the next phase in the company's executive succession planning process. According to Lead Independent Director Robert A. Malone, "We are pleased to put into place this next phase of what we believe to [...]
Chairman and Chief Executive Officer Gregory H. Boyce today cited a number of 2013 accomplishments and discussed broad market conditions at the company's annual shareholder's meeting. "2013 was a year of substantial achievement despite market headwinds," Boyce said. "We matched our record safety performance from 2012, increased productivity [...]
Peabody Energy today announced that all 12 members of the board of directors were re-elected at the company's annual meeting of shareholders. Re-elected directors are: Gregory H. Boyce, Chairman and Chief Executive Officer of Peabody Energy; Robert A. Malone, Lead Independent Director, former Executive Vice President, BP plc and former Chairman [...]
The board of directors of Peabody Energy today declared a regular quarterly dividend on its common stock of $0.085 per share. The dividend is payable on June 12, 2014, to holders of record on May 22, 2014. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining, energy access and clean coal [...]