Peabody Energy Establishes A$700M Surety Bond Facilities

Peabody Energy Corp. announced the establishment of new Australian Dollar-denominated surety bond facilities totaling A$700 million with Liberty Mutual Insurance Company and Swiss Re International SE. These facilities are intended to replace existing cash collateralized programs for Australian reclamation bonding and mature on June 12, 2031. Concurrently, the company terminated its prior Transaction Support Agreement and related security agreement, which is expected to reduce collateral requirements. An amendment to its revolving credit facility was also made to accommodate these new arrangements.