secwatch.observer — SEC 8-K summary
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Issuer:     PEABODY ENERGY CORP (BTU)
CIK:        0001064728
Form:       8-K
Filed at:   2026-05-29T01:38:31+00:00
Accession:  0001193125-26-245937
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1064728/000119312526245937/0001193125-26-245937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1064728/000119312526245937/d154082d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-245937

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer