--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-270268" form_type: "8-K" ticker: "BTU" cik: "0001064728" company_name: "PEABODY ENERGY CORP" filed_at: "2026-06-15T10:58:49+00:00" generated_at: "2026-06-15T11:00:13.171825+00:00" event_type: "debt" sentiment: "positive" materiality_score: 0.68 calibrated_materiality_score: 0.68 confidence: "high" source: SEC EDGAR --- # Peabody enters A$700M Australian surety facilities, terminates 2020 TSA, cuts collateral ## Summary - Established two Australian surety bond facilities totaling A$700M to replace cash-backed reclamation bonds; mature June 2031. - Terminated the 2020 Transaction Support Agreement and related security agreement; all obligations satisfied. - U.S. reclamation obligations now backed by standard indemnification agreements, reducing overall collateral requirements. - CFO Mark Spurbeck says transactions eliminate minimum liquidity covenant and enhance financial flexibility. - Follows recent refinancing of 2028 convertible notes, continuing balance sheet strengthening strategy. ## SEC filing metadata - accession: 0001193125-26-270268 - form_type: 8-K - ticker: BTU - cik: 0001064728 - company_name: PEABODY ENERGY CORP - filed_at: 2026-06-15T10:58:49+00:00 - event_type: debt - sentiment: positive - materiality_score: 0.68 - calibrated_materiality_score: 0.68 - confidence: high - sec_items: 1.01, 1.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/0001193125-26-270268-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/d108966d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-270268 - JSON: https://secwatch.observer/filing/0001193125-26-270268.json - Plain text: https://secwatch.observer/filing/0001193125-26-270268.txt ## Key facts - Material Agreements PEABODY ENERGY CORP amended Revolving Credit Facility Amendment with PNC Bank, National Association (effective 2026-06-09). - Action: amendment - Agreement: credit facility - Counterparty: PNC Bank, National Association - Effective: 2026-06-09 source text: On June 9, 2026, the Company entered into that certain Amendment No. 2, dated as of June 9, 2026 (the “Revolving Credit Facility Amendment”), with PNC Bank, National Association, as administrative agent (the “Agent”), and the lenders party thereto evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/0001193125-26-270268-index.htm - Material Agreements PEABODY ENERGY CORP entered into Credeq Surety Bond Facility with Swiss Re International SE (effective 2026-06-12). - Action: entry - Agreement: credit facility - Counterparty: Swiss Re International SE - Effective: 2026-06-12 source text: (ii) that certain Surety Bond Facility Agreement, dated as of June 12, 2026 (the “Credeq Surety Bond Facility” and, together with the Liberty Surety Bond Facility, the “Australian Surety Bond Facilities”), by and among the Australian Surety Bond Facility Obligors and Swiss Re International SE evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/0001193125-26-270268-index.htm - Material Agreements PEABODY ENERGY CORP terminated Transaction Support Agreement and Surety Resolution Term Sheet with certain providers of its surety program (effective 2026-06-12). - Action: termination - Counterparty: certain providers of its surety program - Effective: 2026-06-12 source text: On June 12, 2026, the Company terminated that certain Transaction Support Agreement and Surety Resolution Term Sheet, each dated as of November 6, 2020 (as amended, supplemented or otherwise modified to the date hereof, the “TSA”), by and among the Company, certain subsidiaries of the Company party thereto and certain providers of its surety program (collectively, the “Sureties”) evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/0001193125-26-270268-index.htm - Material Agreements PEABODY ENERGY CORP terminated Collateral Agency and Security Agreement with Bank of New York Mellon Trust Company, N.A. (effective 2026-06-12). - Action: termination - Counterparty: Bank of New York Mellon Trust Company, N.A. - Effective: 2026-06-12 source text: the Company terminated that certain Collateral Agency and Security Agreement, dated as of May 3, 2022 (as amended, supplemented or otherwise modified to the date hereof, the “TSA Security Agreement”), by and among the Company, certain subsidiaries of the Company party thereto, the Sureties party thereto and Bank of New York Mellon Trust Company, N.A., as collateral agent (the “TSA Collateral Agent”) evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/0001193125-26-270268-index.htm - Material Agreements PEABODY ENERGY CORP entered into Liberty Surety Bond Facility with Liberty Mutual Insurance Company, Australia Branch valued at A$700,000,000 (effective 2026-06-12). - Action: entry - Agreement: credit facility - Counterparty: Liberty Mutual Insurance Company, Australia Branch - Value: A$700,000,000 - Effective: 2026-06-12 source text: Peabody Australia Holdco Pty Ltd, Wilpinjong Coal Pty Ltd and certain of their respective Australian subsidiaries (collectively, the “Australian Surety Bond Facility Obligors”), each a subsidiary of Peabody Energy Corporation (the “Company” or “Peabody”), established new Australian Dollar-denominated surety bond facilities with an aggregate combined principal amount of A$700,000,000 in commitments by entering into (i) that certain Surety Bond Facility Agreement, dated as of June 12, 2026 (the “Liberty Surety Bond Facility”), by and among the Australian Surety Bond Facility Obligors and Liberty Mutual Insurance Company, Australia Branch evidence_url: https://www.sec.gov/Archives/edgar/data/1064728/000119312526270268/0001193125-26-270268-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.