Peabody announces $225M convertible note offering due 2031; proceeds to repurchase 2028 notes

PEABODY ENERGY CORP

$225M principal of convertible notes due 2031; initial purchasers can buy up to $25M additional.
Proceeds to fund capped call transactions and repurchase portion of outstanding 3.250% 2028 notes.
Interest rate and conversion price set at pricing; notes are senior unsecured with semi-annual interest.
Capped call transactions designed to reduce dilution from conversion prior to May 30, 2030.
Offer is private to QIBs under Rule 144A; notes and conversion shares not registered under Securities Act.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.