ST. LOUIS, March 30, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 expired at 11:59 p.m., New York City time, on March 27, 2015. After the expiration of the early tender period on March 13, 2015, an additional $1,228,000 principal [...]
Peabody Energy announced today that the early tender period for the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 expired at 5:00 p.m., New York City time, on March 13, 2015. Holders of notes that were validly tendered and not validly withdrawn on or prior to 5:00 p.m. on March 13, 2015, received the total [...]
Peabody Energy announced today that it successfully completed its previously announced offering of $1.0 billion aggregate principal amount of 10% senior secured second lien notes due 2022. Peabody will use the net proceeds from the sale of the notes to fund the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 [...]
Peabody Energy announced today the pricing of its offering of 10.000% senior secured second lien notes due 2022 at an issue price of 97.566% of principal amount. Peabody intends to use the net proceeds from the sale of the notes to fund the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (the "2016 notes"), to [...]
Peabody Energy announced today that it is commencing a tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (CUSIP No. 704549AE4). The tender offer is being made pursuant to an offer to purchase dated March 2, 2015, and the related letter of transmittal, which set forth the terms of the tender offer. The following table sets forth [...]
Peabody Energy announced today that, subject to market conditions, it intends to offer $1.0 billion aggregate principal amount of senior secured second lien notes due in 2022 in a private placement to eligible purchasers. Subject to the successful completion of this offering, Peabody intends to use the net proceeds from the sale of the notes to fund a tender offer to purchase for cash any and all of the $650 million [...]
Peabody Energy has been recognized for its global leadership creating sustainable energy solutions at the 5th World PetroCoal Congress in New Delhi. The company was honored with an Energy and Environment Foundation Global Excellence Award for advancing clean coal technology solutions under the leadership of Peabody Chairman and Chief Executive Officer Gregory H. Boyce. Peabody believes that coal is a fundamental solution [...]
Peabody Energy announced that its Cottage Grove Mine in Southern Illinois has earned both the Chairman's Award and the President's Award for achieving the company's safest U.S. performance for surface operations in 2014. The Chairman's Award for Safety Excellence recognizes employees at operations who end a calendar year with zero reportable incidents. The award was created in 2013 and employees at Cottage Grove have [...]
Peabody Energy today announced that it has proactively amended its existing secured credit facility to enhance financial flexibility by modifying the leverage and interest coverage covenants for the life of the facility. Pricing, size and maturity date of the facility remain unchanged. The amendment modifies certain terms and conditions and provides additional security to the credit facility, which consists of a $1.65 [...]
Peabody Energy today called on the Obama Administration to reverse its decision to suspend development funding for FutureGen 2.0, America's first near-zero emissions coal-fueled power plant project that would capture and store carbon dioxide. "It makes no sense to pull the plug on $1 billion committed to America's signature near-zero emissions power project at such a critical time for these investments in technology [...]
Peabody Energy today announced that its Twentymile Mine in Colorado has earned the President's Award for achieving the company's safest U.S. performance for underground operations in 2014. Twentymile achieved a safety record of 1.03 for 2014 with 777,868 hours worked during the year and is being honored for a third consecutive year for outstanding safety performance. Employees at Twentymile helped drive the best global [...]
Peabody Energy today reported full-year 2014 revenues of $6.79 billion, leading to Adjusted EBITDA1 of $814.0 million. Full-year Adjusted EBITDA includes the impact of $26.0 million in fourth quarter charges related to an organizational restructuring program and pension settlements. Including $1.26 per share in charges primarily related to certain valuation allowance adjustments, Diluted Loss Per Share from Continuing [...]