Peabody Energy closes new $320M revolving credit facility through Jan 2028

PEABODY ENERGY CORP

New $320M revolving credit facility; matures Jan 18, 2028, subject to conditions related to 2028 convertible notes.
Interest rate: SOFR plus 3.50%-4.25% or base rate plus 2.50%-3.25%, based on total net leverage ratio.
Facility secured by substantially all US assets and pledge of two Australian subsidiaries.
Contains customary covenants limiting debt, restricted payments, asset sales, liens, and mergers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PEABODY ENERGY CORP entered into Credit Agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto valued at $320,000,000 (effective 2024-01-18).

Action: entry
Agreement: credit facility
Counterparty: PNC Bank, National Association, as administrative agent, and the lenders party thereto
Value: $320,000,000
Effective: 2024-01-18

Exact text from the filing

Peabody Energy Corporation (the “Company”) established a new revolving credit facility with a maximum aggregate principal amount of $320,000,000 in revolving commitments by entering into that certain Credit Agreement, dated as of January 18, 2024

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PEABODY ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-010305

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