---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-245937"
form_type: "8-K"
ticker: "BTU"
cik: "0001064728"
company_name: "PEABODY ENERGY CORP"
filed_at: "2026-05-29T01:38:31+00:00"
generated_at: "2026-05-29T10:12:09.897563+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peabody prices $225M 0.50% convertible notes due 2031; to repurchase $241.2M of 2028 notes

## Summary
- Priced $225M aggregate principal of 0.50% convertible senior notes due 2031; initial purchasers have 13-day option for additional $25M.
- Initial conversion price ~$38.32/share, a 32.5% premium over May 28 VWAP of $28.9197.
- Net proceeds estimated at ~$218.9M ($243.3M if greenshoe fully exercised).
- Plans to use ~$15M for capped call transactions and together with available cash to repurchase ~$241.2M of 3.250% 2028 notes for ~$388.8M cash.
- Capped call transactions entered to reduce potential dilution upon conversion; cap price initially $50.6095/share.

## SEC filing metadata
- accession: 0001193125-26-245937
- form_type: 8-K
- ticker: BTU
- cik: 0001064728
- company_name: PEABODY ENERGY CORP
- filed_at: 2026-05-29T01:38:31+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1064728/000119312526245937/0001193125-26-245937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1064728/000119312526245937/d154082d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-245937
- JSON: https://secwatch.observer/filing/0001193125-26-245937.json
- Plain text: https://secwatch.observer/filing/0001193125-26-245937.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.