Today, the Peabody Board of Directors announced that the company and Glenn Kellow, President and CEO, have entered into a leadership transition agreement as part of its succession planning process. Under this agreement, Mr. Kellow will be leaving the company by Aug. 31, 2021. The Board has underway a comprehensive search process to identify Mr [...]
Peabody today announced the expiration and final results of its previously announced offer to purchase for cash up to $22.5 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 at a purchase price equal to 80% of the accreted value of the 2024 Notes to be repurchased, plus accrued and unpaid interest as set forth in the [...]
Peabody today announced its offer to purchase for cash up to $22.5 million in aggregate accreted value of its 8.500% Senior Secured Notes due 2024 at a purchase price equal to 80% of the accreted value of the 2024 Notes to be repurchased, plus accrued and unpaid interest as set forth in the indenture for the 2024 Notes, to, but excluding, the [...]
Peabody today announced its fourth quarter 2020 operating results, including revenues of $737.2 million; loss from continuing operations, net of income taxes of $120.4 million, which included $69.3 million of non-cash asset impairments; net loss attributable to common stockholders of $129.2 million; diluted loss per share from continuing operations [...]
Peabody announced today that it has completed its previously announced exchange transaction following the tender of 86.86 percent of its senior secured notes due 2022. The closing of this transaction extends a substantial portion of Peabody's debt maturities to December 2024, eliminates its net leverage ratio covenant and finalizes a four-year [...]
Peabody today announced the expiration and final results of its previously announced offer to exchange any and all of its 6.000% Senior Secured Notes due 2022 for new 10.000% Senior Secured Notes due December 31, 2024 to be co-issued by PIC AU Holdings LLC, a Delaware limited liability company and an indirect, wholly-owned subsidiary of Peabody [...]
On Thursday, Feb. 4, 2021, Peabody will announce results for the quarter and year ended Dec. 31, 2020. A conference call with management is scheduled for 10 a.m. CST on Thursday, Feb. 4, 2021. 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 that as of 5:00 p.m., New York City time, on January 15, 2021 , at least $397.5 million in aggregate principal amount of its outstanding 6.000% Senior Secured Notes due 2022 , representing approximately 86.6% of the total outstanding principal amount of Existing Notes, had been validly tendered and not validly withdrawn in [...]
Peabody today announced that as of 5:00 p.m., New York City time, on January 8, 2021 , at least $391.2 million in aggregate principal amount of its outstanding 6.000% Senior Secured Notes due 2022 , representing approximately 85% of the total outstanding principal amount of Existing Notes, had been validly tendered and not validly withdrawn in [...]
Peabody today announced that it has entered into an amended and restated Transaction Support Agreement with certain of its subsidiaries, each of the revolving lenders under Peabody's credit agreement, the administrative agent under Peabody's credit agreement, and certain holders, or investment advisors, sub-advisors, or managers of discretionary [...]
In the news release, Peabody Announces Exchange Offer and Consent Solicitation Relating to Existing 6.000% Senior Secured Notes due 2022, issued 24-Dec-2020 by Peabody over PR Newswire, we are advised by the company that the third paragraph after the table, should read "The New Co-Issuer Notes will be senior secured obligations of the Co-Issuers [...]
Peabody has entered into a transaction support agreement with 100 percent of its revolving lenders and letter of credit issuers and approximately 65 percent of its 6.000% senior secured notes due 2022 that contemplates a comprehensive financing solution to extend certain of Peabody's debt maturities and grant financial covenant relief, while [...]
