ST. LOUIS, March 16, 2015 /PRNewswire/ -- Peabody
Energy (NYSE: BTU) 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 (the "2016 notes"),
to fund the redemption of all 2016 notes that are not tendered in
the tender offer and for general corporate purposes, which may
include the payment of its federal coal lease expenditures.
The notes are secured by a second-priority lien on all of the
assets that secure the company's and the guarantors' obligations
under the company's senior secured credit facility, subject to
permitted liens and other limitations.
The notes and related guarantees were offered only to qualified
institutional buyers under Rule 144A of the Securities Act of 1933,
as amended (the "Securities Act"), and to non-U.S. persons in
transactions outside the United
States under Regulation S of the Securities Act. The notes
were not registered under the Securities Act, and unless so
registered, may not be offered or sold in the United States absent registration or an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and other
applicable securities laws.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
notes, in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction.
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.
CONTACT:
Chris Curran
(314) 588-2765
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SOURCE Peabody Energy