Loan & DebtJul 1, 2026, 06:51 AM
Peabody Energy Ups Credit Facility to $400M; Extends to 2030
AI Summary
Peabody Energy Corporation amended its Credit Agreement on June 30, 2026, significantly enhancing its financial flexibility. The amendment increased the revolving commitments from $320 million to $400 million and extended the maturity date by over two years, from January 18, 2028, to June 30, 2030. Furthermore, the interest rate applicable to the revolving loans was decreased, providing more favorable borrowing terms for the company.
Key Highlights
- Revolving commitments increased from $320,000,000 to $400,000,000.
- Maturity date extended from January 18, 2028, to June 30, 2030.
- Interest rate decreased from SOFR + 3.50-4.25% to SOFR + 3.25-4.00%.
- Base rate margin decreased from 2.50-3.25% to 2.25-3.00%.
- Amendment No. 3 to the Credit Agreement was effective June 30, 2026.
Price Impact
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