ST. LOUIS, March 29, 2018 /PRNewswire/ -- Peabody announced today that it has launched a process to accommodate a repricing of the company's Senior Secured Term Loan to provide additional financial and operational flexibility, extend the maturity profile and reduce its cash interest expense. There can be no assurance that Peabody will be successful in amending the terms of its Senior Secured Term Loan, including repricing [...]
Continued strong operational performance leads to year-end unrestricted cash levels of $1.01 billion; Company completes additional $200 million of debt reduction and $107 million of share buybacks in quarter; Peabody achieves additional milestone in shareholder returns by initiating quarterly dividend; New revolver upsized to $350 million and Australian surety bond capacity initiated; $175 million in restricted cash [...]
ST. LOUIS, Feb. 7, 2018 /PRNewswire/ -- Peabody announced today that its board of directors has declared a quarterly dividend of $0.115 per share on the company's common stock, payable on March 5, 2018 to shareholders of record on Feb. 19, 2018. "Peabody is pleased to initiate a quarterly dividend program as an important next step in the company's commitment to shareholder returns, while further demonstrating the [...]
ST. LOUIS, Jan. 31, 2018 /PRNewswire/ -- Peabody today announced that, as a result of the company's strong share price performance in recent months, all outstanding shares of its Series A Convertible Preferred Stock, par value $0.01 per share , were automatically converted into shares of common stock, par value $0.01 per share, of the company effective at 5:00 p.m., New York City time, today. No action by holders of [...]
ST. LOUIS, Jan. 10, 2018 /PRNewswire/ -- On Wednesday, Feb. 7, 2018, Peabody will announce results for the quarter and year ended Dec. 31, 2017. A conference call with management is scheduled for 10 a.m. CST on Wednesday, Feb. 7. Participants may access the call using the following phone numbers: U.S. and Canada 312-3049 Australia 1800 849 976 United Kingdom 0808 238 9907 For all other [...]
ST. LOUIS, Dec. 5, 2017 /PRNewswire/ -- Peabody today recognized innovation in clean coal technologies among leading examples of coal-fueled generating plants from the United States, China, Japan and India with their Fourth Annual Peabody Global Clean Coal Leadership Awards. Presented at Power-Gen International 2017 in Las Vegas, the awards recognize the cleanest coal plants in the world and shine a light on the [...]
ST. LOUIS, Nov. 27, 2017 /PRNewswire/ -- Peabody President and Chief Executive Officer Glenn Kellow today announced that Paul Richard has been named Senior Vice President and Chief Human Resources Officer. "Paul is a skilled executive who brings a wealth of experience leading global human resources teams," said Kellow. "He will have executive responsibility for Peabody's global human resources and administrative functions [...]
ST. LOUIS, Nov. 27, 2017 /PRNewswire/ -- Peabody has announced that Patrick Forkin is being promoted to Senior Vice President – Corporate Development reporting to Executive Vice President – Corporate Services and Chief Commercial Officer Charles Meintjes. Forkin is responsible for leading business development strategies covering the full spectrum, from mergers and acquisitions to portfolio optimization. Forkin [...]
ST. LOUIS, Nov. 27, 2017 /PRNewswire/ -- Peabody announced today that it has completed the sale of the majority of its inactive Burton Mine and related infrastructure to the Lenton Joint Venture for approximately US$11 million, subject to certain customary post-closing adjustments. In addition to receipt of cash proceeds from the sale, the transaction reduces Peabody's asset retirement obligation by approximately US$41 [...]
ST. LOUIS, Nov. 20, 2017 /PRNewswire/ -- Peabody announced today that it successfully completed an amendment of its Senior Secured Credit Agreement and closed on commitments for a $270 million revolving credit facility, which is expected to lead to the release of a comparable amount of restricted cash over time. "We are pleased to report yet another milestone in our deliberate financial approach to generate cash, reduce [...]
ST. LOUIS, Nov. 13, 2017 /PRNewswire/ -- As the U.N. Conference of the Parties begins in Bonn, Germany, Peabody at a panel sponsored by the U.S. Government said it intends to continue to promote today's high-efficiency, low-emissions coal-fueled generation technologies and carbon capture, use and storage over time as essential to meeting the world's goals around low-carbon energy sources. "How does society square the [...]
Peabody's diversified platform delivers strongest mining performance since 2012; Company delivers on 2017 deleveraging targets ahead of schedule and executes on share repurchases; Voluntary debt repayment and term loan amendment reduce annual fixed charges and provide flexibility for additional shareholder returns. ST. LOUIS, Oct. 25, 2017 /PRNewswire/ -- Peabody (NYSE: BTU) today announced its third quarter 2017 [...]
