M&A
confidence high
sentiment positive
materiality 0.90
Peabody to acquire Anglo American Australian met coal assets for up to $3.775B
PEABODY ENERGY CORP
- Up to $3.775B total consideration: $2.05B upfront cash, $725M fixed deferred payments over 4 years, up to $1B contingent payments.
- Peabody plans to sell Dawson assets (included in deal) to BUMA for ~$455M upon closing of the SMC acquisition.
- Bridge loan facility of up to $2.075B committed; interest at Term SOFR + 8.00% (increases 0.75% after 90 days).
- Closing expected in H1 2025, subject to regulatory approvals, pre-emptive rights processes, and customary conditions.
- Revolving credit facility amended to permit the acquisition and related financings.