Peabody's diversified platform delivers strongest mining performance since 2012; Company delivers on 2017 deleveraging targets ahead of schedule and executes on share repurchases; Voluntary debt repayment and term loan amendment reduce annual fixed charges and provide flexibility for additional shareholder returns. ST. LOUIS, Oct. 25, 2017 /PRNewswire/ -- Peabody (NYSE: BTU) today announced its third quarter 2017 [...]
ST. LOUIS, Oct. 17, 2017 /PRNewswire/ -- Peabody today said its Wambo Underground Mines Rescue Team has taken first place at the 55th Australian National Mines Rescue Competition, the second time it has earned the national title. Last year the team also earned first place in the First Aid Competition at the International Mines Rescue Competition in Canada. The national event, held at Whitehaven Coal's Narrabri Mine [...]
ST. LOUIS, Oct. 4, 2017 /PRNewswire/ -- On Wednesday, Oct. 25, 2017, Peabody (NYSE: BTU) will announce results for the quarter ended September 30, 2017. A conference call with management is scheduled for 10 a.m. CDT on Wednesday, Oct. 25. Participants may access the call using the following phone numbers: U.S. & Canada (877) 260-8896 International (612) 332-1210 [...]
ST. LOUIS, Sept. 18, 2017 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that it successfully completed an amendment of its Senior Secured Term Loan to lower the interest rate and modify terms to provide additional financial and operational flexibility, including for share repurchases and dividends. "Today's announcement reflects yet another positive step in further strengthening our capital structure and executing [...]
ST. LOUIS, Sept. 6, 2017 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that it issued a notice to repay an additional $150 million of its Senior Secured Term Loan, bringing a total of $300 million of debt voluntarily repaid in the third quarter of 2017. Peabody also is seeking amendments to accommodate a repricing of the company's Senior Secured Term Loan, which after the prepayment announced this morning will [...]
ST. LOUIS, Sept. 5, 2017 /PRNewswire/ -- Peabody announced today that it has entered into an agreement to sell the majority of its Burton mine and related infrastructure to the Lenton Joint Venture for approximately US$11 million. The Lenton Joint Venture will assume the reclamation obligations associated with the assets being acquired by the Lenton Joint Venture, reducing Peabody's asset retirement obligation by [...]
ST. LOUIS, Aug. 18, 2017 /PRNewswire/ -- Peabody Energy Corp. ("Peabody") (NYSE: BTU) announced today that the underwritten secondary offering of 12,800,000 shares of Peabody's common stock by certain of its existing stockholders affiliated with Discovery Capital Management, LLC (the "selling stockholders") has been priced. Peabody has agreed to repurchase from the underwriter a number of these shares having an aggregate [...]
ST. LOUIS, Aug. 17, 2017 /PRNewswire/ -- Peabody Energy Corp. ("Peabody") (NYSE: BTU) announced today that certain of its existing stockholders affiliated with Discovery Capital Management, LLC (the "selling stockholders") intend to offer 12,800,000 shares of Peabody's common stock in an underwritten secondary offering, of which Peabody intends to repurchase from the underwriter a number of shares having an aggregate [...]
Australian and U.S. mining contributions rise; Australian thermal segment achieves record results; Forward cash profile improves from substantial U.S. NOL position and lower interest expense due to voluntary debt reduction; Operating results and improving cash profile drive accelerated deleveraging and share buyback authorization. ST. LOUIS, Aug. 1, 2017 /PRNewswire/ -- Peabody (NYSE: BTU) announced today its second [...]
Permits resale of certain common and preferred securities that were restricted at emergence Peabody will not receive any proceeds and no new securities are being offered ST. LOUIS, July 17, 2017 /PRNewswire/ -- Peabody (NYSE: BTU) announced today that its Form S-1 resale registration statement relating to the potential resale of shares of common stock and preferred stock, including common stock initially issuable upon [...]
ST. LOUIS, July 12, 2017 /PRNewswire/ -- On Tuesday, Aug. 1, 2017, Peabody (NYSE: BTU) will announce results for the quarter ended June 30, 2017. A conference call with management is scheduled for 10 a.m. CDT on Tuesday, Aug. 1. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8976 International (612) 332-0530 The call, replay and other investor data will also be [...]
ST. LOUIS, May 4, 2017 /PRNewswire/ -- Revenue, income from continuing operations net of income taxes, net income, and Adjusted EBITDAR1 all rise substantially on higher PRB shipments and increased Australian thermal and metallurgical coal pricing; net income reaches highest level in nearly five years; 2017 targets revised to reflect higher met coal volumes from full year of contributions from the Metropolitan hard coking [...]