Peabody Energy Amends $2.85 Billion Credit Facility To Enhance Financial Flexibility; Pricing, Size And Maturity Dates Remain Unchanged
ST. LOUIS, Feb. 6, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that it has proactively amended its existing secured credit facility to enhance financial flexibility by modifying the leverage and interest coverage covenants for the life of the facility. Pricing, size and maturity date of the facility remain unchanged.
The amendment modifies certain terms and conditions and provides additional security to the credit facility, which consists of a $1.65 billion revolver due in 2018 and a $1.2 billion term loan due in 2020. The company continues to benefit from its diverse global platform, and remains focused on reducing costs, maintaining tight capital discipline and completing non-core asset sales.
Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining, energy access and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. Peabody was named Energy Company of the Year at the 2014 Platts Global Energy Awards. For further information, visit PeabodyEnergy.com and AdvancedEnergyForLife.com.
CONTACT:
Chris Curran
(314) 588-2765
Logo - http://photos.prnewswire.com/prnh/20120724/CG44353LOGO
SOURCE Peabody Energy
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article