M&A
confidence high
sentiment positive
materiality 0.95
Peabody Energy to acquire Anglo American's Australian metallurgical coal assets for up to $3.775 billion
PEABODY ENERGY CORP
- Peabody to pay $2.05B upfront plus $725M in deferred installments and up to $1.0B in contingent payments.
- Acquisition includes Moranbah North, Grosvenor, Capcoal, and other Bowen Basin mines with ~11.3M tons expected 2026 production.
- Peabody will sell Dawson assets to BUMA for $455M in a back-to-back transaction post-closing.
- Bridge facility of $2.075B from Jefferies, Deutsche Bank, and KKR; closing targeted first half 2025.
- Peabody expects ~$100M annual synergies and EBITDA margins of $65-$70 per ton on acquired assets.