ST. LOUIS, July 17, 2017 /PRNewswire/ -- Peabody (NYSE:
BTU) announced today that its Form S-1 resale registration
statement relating to the potential resale of shares of common
stock and preferred stock, including common stock initially
issuable upon the conversion of the preferred stock, has been
declared effective by the U.S. Securities and Exchange
Commission.
Peabody will not receive any proceeds from the sale of any
securities covered by the registration statement. Securities
registered pursuant to the registration statement are not required
to be sold, and the registration of the securities does not
necessarily indicate that any stockholder intends to sell its
securities.
Peabody's common stock is currently listed on the New York Stock
Exchange under the symbol "BTU" and its preferred stock has been
approved for listing on the NYSE MKT under the symbol "BTUPR" with
trading expected to begin on July 19,
2017. The shares of common stock and preferred stock covered
by the registration statement were previously issued by Peabody and
are being registered to fulfill Peabody's obligations under a
registration rights agreement entered into with certain
stockholders at the time of its emergence from Chapter 11 on
April 3, 2017.
While Peabody's common stock was listed on the NYSE on
April 4, 2017 following emergence,
certain stockholders were restricted in their ability to sell the
preferred stock and certain shares of common stock issued at
emergence prior to the registration effected by the registration
statement.
The registration statement, while effective, permits resale of
the securities covered by the registration statement, subject to
the satisfaction by the seller of the securities with the
prospectus delivery requirements of the Securities Act of
1933.
The offering of the securities covered by the registration
statement may only be made by means of a prospectus. The
registration statement and prospectus may be accessed through the
U.S. Securities and Exchange Commission's website at www.sec.gov. A
copy of the prospectus related to the offering may be obtained from
Peabody Energy Corporation, 701 Market Street, Suite 700,
St. Louis, Missouri 63101-1826, or
by calling (314) 342-3400.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of the securities in any state or jurisdiction in which
the offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Peabody is the world's largest private-sector coal
company. Peabody serves metallurgical and thermal coal
customers in more than 25 countries on five continents.
Investor Contact:
Julie Gates
314.342.4336
Certain statements included in this release are
forward-looking as defined in the Private Securities Litigation
Reform Act of 1995. The Company uses words such as "anticipate,"
"believe," "expect," "may," "forecast," "project," "should,"
"estimate," "plan," "outlook," "target," "likely," "will," "to be"
or other similar words to identify forward-looking statements.
These forward-looking statements are made as of the date the
release was filed and are based on numerous assumptions that the
Company believes are reasonable, but these assumptions are open to
a wide range of uncertainties and business risks that may cause
actual results to differ materially from expectations. These
factors are difficult to accurately predict and may be beyond the
Company's control. Such factors include, but are not limited to
those described in the Company's most recently filed Annual Report
on Form 10-K and Exhibit 99.2 of the Company's Current Report on
Form 8-K filed on April 11,
2017. Factors that could affect the Company's results or an
investment in its securities include but are not limited to:
competition in the energy market and supply and demand for the
Company's products, including the impact of alternative energy
sources, such as natural gas and renewables; global steel demand
and its downstream impact on metallurgical coal prices, and lower
demand for the Company's products by electric power generators;
customer procurement practices and contract duration; the impact of
weather and natural disasters on demand, production and
transportation; reductions and/or deferrals of purchases by major
customers and the Company's ability to renew sales contracts;
credit and performance risks associated with customers, suppliers,
contract miners, co-shippers, and trading, bank and other financial
counterparties; geologic, equipment, permitting, site access,
operational risks and new technologies related to mining;
transportation availability, performance and costs; availability,
timing of delivery and costs of key supplies, capital equipment or
commodities such as diesel fuel, steel, explosives and tires;
impact of take-or-pay arrangements for rail and port commitments
for the delivery of coal; successful implementation of business
strategies, including, without limitation, the actions the Company
is implementing to improve its organization and respond to current
conditions; negotiation of labor contracts, employee relations and
workforce availability, including, without limitation, attracting
and retaining key personnel; changes in postretirement benefit and
pension obligations and their related funding requirements;
replacement and development of coal reserves; effects of changes in
interest rates and currency exchange rates (primarily the
Australian dollar); uncertainties in estimating the Company's coal
reserves; the Company's ability to successfully consummate
acquisitions or divestitures, and the resulting effects thereof;
economic strength and political stability of countries in which the
Company has operations or serves customers; legislation,
regulations and court decisions or other government actions,
including, but not limited to, new environmental and mine safety
requirements, changes in income tax regulations, sales-related
royalties, or other regulatory taxes and changes in derivative laws
and regulations; the Company's ability to obtain and renew permits
necessary for the Company's operations; the Company's ability to
appropriately secure its requirements for reclamation, federal and
state workers' compensation, federal coal leases and other
obligations related to the Company's operations, including its
ability to utilize self-bonding and/or successfully access the
commercial surety bond market; litigation or other dispute
resolution, including, but not limited to, claims not yet asserted;
terrorist attacks or security threats, including, but not limited
to, cybersecurity breaches; impacts of pandemic illnesses; any lack
of an established market for certain of the Company's securities,
including the preferred stock, and potential dilution of the common
stock; price volatility in the Company's securities; short-sales of
the Company's securities; any conflicts of interest between the
Company's significant shareholders and other holders of its capital
stock; the Company's ability to generate sufficient cash to service
all of its indebtedness; the Company's debt instruments and capital
structure placing certain limits on its ability to pay dividends
and repurchase capital stock; the Company's ability to comply with
financial and other restrictive covenants in various agreements,
including its debt instruments; and other risks detailed in the
Company's reports filed with the SEC. The Company does not
undertake to update its forward-looking statements except as
required by law.
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SOURCE Peabody