ST. LOUIS, April 27, 2015 /PRNewswire/ -- At a time when record electricity prices are squeezing families and businesses, Peabody Energy Chairman and Chief Executive Officer Greg Boyce has called on Congress and political leaders to support a five-point plan to help solve the U.S. electricity crisis, put energy policy back on track and accelerate a transition toward a low-carbon economy. "High electricity costs put [...]
- First quarter revenues of $1.54 billion lead to Adjusted EBITDA of $166 million - Diluted Loss Per Share from Continuing Operations and Adjusted Diluted EPS total $(0.62), including $(0.23) related to refinancing the 2016 Senior Notes - Cost reductions largely offset $100 million in lower pricing in the first quarter; Liquidity rises to $2.22 billion - 2015 U.S. volume guidance reduced by 10 million tons; Lowering U.S [...]
ST. LOUIS, April 8, 2015 /PRNewswire/ -- On Thursday, April 23, 2015, Peabody Energy (NYSE: BTU) will announce the results for the quarter ended March 31, 2015. A conference call with management is scheduled for 10 a.m. CDT on Thursday, April 23. Participants may access the call using the following phone numbers: U.S. & Canada (800) 288-8975 International (612) 332-0530 The call, replay and other [...]
ST. LOUIS, March 30, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 expired at 11:59 p.m., New York City time, on March 27, 2015. After the expiration of the early tender period on March 13, 2015, an additional $1,228,000 principal [...]
Peabody Energy announced today that the early tender period for the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 expired at 5:00 p.m., New York City time, on March 13, 2015. Holders of notes that were validly tendered and not validly withdrawn on or prior to 5:00 p.m. on March 13, 2015, received the total [...]
Peabody Energy announced today that it successfully completed its previously announced offering of $1.0 billion aggregate principal amount of 10% senior secured second lien notes due 2022. Peabody will use the net proceeds from the sale of the notes to fund the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 [...]
Peabody Energy announced today the pricing of its offering of 10.000% senior secured second lien notes due 2022 at an issue price of 97.566% of principal amount. Peabody intends to use the net proceeds from the sale of the notes to fund the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (the "2016 notes"), to [...]
Peabody Energy announced today that it is commencing a tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (CUSIP No. 704549AE4). The tender offer is being made pursuant to an offer to purchase dated March 2, 2015, and the related letter of transmittal, which set forth the terms of the tender offer. The following table sets forth [...]
Peabody Energy announced today that, subject to market conditions, it intends to offer $1.0 billion aggregate principal amount of senior secured second lien notes due in 2022 in a private placement to eligible purchasers. Subject to the successful completion of this offering, Peabody intends to use the net proceeds from the sale of the notes to fund a tender offer to purchase for cash any and all of the $650 million [...]
Peabody Energy has been recognized for its global leadership creating sustainable energy solutions at the 5th World PetroCoal Congress in New Delhi. The company was honored with an Energy and Environment Foundation Global Excellence Award for advancing clean coal technology solutions under the leadership of Peabody Chairman and Chief Executive Officer Gregory H. Boyce. Peabody believes that coal is a fundamental solution [...]
Peabody Energy announced that its Cottage Grove Mine in Southern Illinois has earned both the Chairman's Award and the President's Award for achieving the company's safest U.S. performance for surface operations in 2014. The Chairman's Award for Safety Excellence recognizes employees at operations who end a calendar year with zero reportable incidents. The award was created in 2013 and employees at Cottage Grove have [...]
Peabody Energy 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 [...]