PEABODY ENERGY CORP (BTU): debt financing — Peabody prices $250M convertible notes due 2031, repurchases $241.2M of 2028 notes

PEABODY ENERGY CORP

Issued $250M of 0.50% convertible senior notes due 2031; net proceeds ~$243.3M.
Used ~$16.7M for capped call transactions to reduce dilution; initial conversion price ~$38.32/share, 32.5% premium.
Repurchased $241.2M of existing 3.25% notes due 2028 for total cash ~$388.8M, partly funded with available cash.
Capped call transactions have cap price of $50.6095 per share, expiring from April 17, 2030.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PEABODY ENERGY CORP incurred convertible notes of $250 million with initial purchasers at 0.50% per year maturing June 1, 2031.

Instrument: convertible notes
Principal: $250 million
Counterparty: initial purchasers
Rate: 0.50% per year
Maturity: June 1, 2031
Event: incurrence

Exact text from the filing

additional $25 million in aggregate principal amount of the Notes (together with the “Initial Notes,” the “Notes”), bringing the total aggregate principal amount of the Notes to $250 million. On June 2, 2026, the Company completed the private offering of the Notes. The Notes are senior unsecured obligations of the Company. The net proceeds from this offering were

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

PEABODY ENERGY CORP issued convertible note to initial purchasers for $250 million in aggregate principal amount.

Security: convertible note
Purchaser: initial purchasers
Consideration: $250 million in aggregate principal amount

Exact text from the filing

additional $25 million in aggregate principal amount of the Notes (together with the “Initial Notes,” the “Notes”), bringing the total aggregate principal amount of the Notes to $250 million. On June 2, 2026, the Company completed the private offering of the Notes. The Notes are senior unsecured obligations of the Company. The net proceeds from this offering were

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PEABODY ENERGY CORP entered into Indenture with Wilmington Trust, National Association valued at $250 million (effective 2026-06-02).

Action: entry
Agreement: notes offering
Counterparty: Wilmington Trust, National Association
Value: $250 million
Effective: 2026-06-02

Exact text from the filing

Convertible Notes and the Indenture On May 28, 2026, Peabody Energy Corporation (the “Company” or “Peabody”) priced its private offering of $225 million in aggregate principal amount of 0.50% Convertible Senior Notes due 2031 (the “Initial Notes”).

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PEABODY ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-252668

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