ST. LOUIS, March 16, 2015 /PRNewswire/ -- Peabody
Energy (NYSE: BTU) 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validly tendered and not validly withdrawn on or prior to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 consideration
of $1,102.71 per $1,000 principal amount, which consists of a
$30.00 early tender premium for each
$1,000 principal amount of notes plus
the tender offer consideration of $1,072.71 per $1,000 principal amount. Holders whose notes were
accepted for purchase also received accrued and unpaid interest on
their purchased notes from the applicable last interest payment
date to, but not including, March 16,
2015.
At the deadline of 5:00 p.m.,
New York City time, March 13, 2015, $565,651,000 principal amount of all outstanding
notes were tendered and not validly withdrawn, representing
approximately 87% of all outstanding notes.
The offer is scheduled to expire at 11:59
p.m., New York City time,
on March 27, 2015, unless
extended. Holders who have not already tendered their notes
may do so at any time on or prior to 11:59
p.m., New York City time,
on March 27, 2015. Such holders
will only be eligible to receive the tender offer consideration.
The offer includes an early settlement option which the Company
elected to use and the initial settlement date was today,
March 16, 2015. Peabody issued
a notice of redemption with respect to any notes not tendered in
the tender offer and expects to redeem any such notes on
April 15, 2015. Peabody
reserves the right to terminate, withdraw or amend the offer at any
time, as described in the offer to purchase.
This press release shall not constitute an offer to purchase or
a solicitation of acceptance of the tender offer, which may be made
only pursuant to the terms and conditions contained in the offer to
purchase and in the related letter of transmittal.
Holders are urged to read the tender offer documents
carefully. Copies may be obtained from the information agent,
Global Bondholder Services Corporation, by calling toll-free at
U.S. 866-470-4500, and for banks and brokers only, at U.S.
212-430-3774.
BofA Merrill Lynch and Morgan Stanley are the dealer managers
for the tender offer. Questions regarding the offer may be directed
to BofA Merrill Lynch by calling toll-free at U.S. 888-292-0070 or
collect at 980-387-3907, or to Morgan Stanley by calling toll-free
at U.S. 800-624-1808 or collect at 212-761-1057.
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