ST. LOUIS, March 6, 2017 /PRNewswire/ -- Peabody Energy announced today it has chosen a path for future coal mine reclamation bonding requirements upon emergence from Chapter 11. While Peabody believes it continues to qualify for self-bonding, the company is choosing to support its coal mine reclamation bonding requirements through third-party bonding facilities. "We are pleased to reach a bonding solution that we [...]
ST. LOUIS, March 6, 2017 /PRNewswire/ -- Peabody Energy today announced that the company's board of directors that would serve following emergence from Chapter 11 has been selected. The new board will be designated as part of the company's amended plan of reorganization, which is expected to be filed later today with the U.S. Bankruptcy Court for the Eastern District of Missouri. Subject to the court confirming the [...]
ST. LOUIS, Feb. 15, 2017 /PRNewswire/ -- Peabody Energy announced today the closing of its previously announced private offering of $1.0 billion aggregate principal amount of senior secured notes, consisting of $500 million of 6.000% senior secured notes due 2022 and $500 million of 6.375% senior secured notes due 2025. The net proceeds of the offering have been funded into an escrow account pending Peabody's emergence [...]
ST. LOUIS, Feb. 8, 2017 /PRNewswire/ -- Peabody Energy announced today that it has successfully priced a senior secured term loan and, in response to strong demand, has upsized the term loan to $950 million from $500 million. The term loan, together with $500 million aggregate principal amount of senior secured notes due 2022 and $500 million aggregate principal amount of senior secured notes due 2025, brings Peabody [...]
ST. LOUIS, Feb. 8, 2017 /PRNewswire/ -- Peabody Energy announced today the pricing of its previously announced private offering of $1.0 billion aggregate principal amount of senior secured notes, consisting of $500 million of 6.000% senior secured notes due 2022 and $500 million of 6.375% senior secured notes due 2025. The offering of the notes is expected to close on Feb. 15, 2017, subject to customary closing [...]
ST. LOUIS, Feb. 1, 2017 /PRNewswire/ -- Peabody Energy Corp. announced today that a special purpose wholly owned subsidiary of the company intends to offer up to $1.0 billion aggregate principal amount of senior secured notes due 2022, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The notes are being offered in connection [...]
ST. LOUIS, Jan. 26, 2017 /PRNewswire/ -- Peabody Energy today announced that the U.S. Bankruptcy Court for the Eastern District of Missouri has approved the company's disclosure statement, enabling the company to solicit its creditors to vote on the proposed plan of reorganization. Peabody also received court approval for its plan support agreement, private placement agreement and backstop commitment agreement. With [...]
ST. LOUIS, Jan. 23, 2017 /PRNewswire/ -- Peabody Energy today congratulated Director Heather Wilson on her nomination as Secretary of the Air Force. Dr. Wilson is the President of the South Dakota School of Mines and Technology and is on the board of directors of Peabody Energy. She also is one of the first female graduates of the U.S. Air Force Academy, a Rhodes Scholar, former member of U.S. Congress and recognized [...]
ST. LOUIS, Jan. 19, 2017 /PRNewswire/ -- Peabody Energy today announced that the company has reached agreement by which the Unsecured Creditors' Committee (UCC) will support the company's proposed plan of reorganization. Today's agreement builds on momentum regarding the company's proposed plan, which has received substantial support in recent weeks by holders of first lien debt, second lien notes and senior unsecured [...]
ST. LOUIS, Jan. 15, 2017 /PRNewswire/ -- Attempts by parties to appoint an equity committee have generated media reports based on inaccuracies and speculation raised by those parties. This statement is intended to address questions regarding steps leading up to Chapter 11, the request for an equity committee and the plan around employee emergence grants: From the start, Peabody's new management team has relentlessly [...]
ST. LOUIS, Jan. 7, 2017 /PRNewswire/ -- Peabody Energy today provided an update regarding additional support from stakeholders to its plan of reorganization. As of 3:00 p.m., New York City time, on Jan. 6, 2017, additional eligible holders of approximately 11.8 percent of the outstanding principal amount of the company's senior secured second lien notes and approximately 8.0 percent of the outstanding principal amount of [...]
ST. LOUIS, Dec. 30, 2016 /PRNewswire/ -- Peabody Energy today announced that as of 5:00 p.m., New York City time, on Dec. 30, 2016, additional eligible holders of approximately 16.6 percent of the outstanding principal amount of the company's senior secured second lien notes and approximately 3.8 percent of the outstanding principal amount of the company's senior unsecured notes became parties to the Plan Support [...]
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