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Peabody Energy Corp (BTU.N)

BTU.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Peabody Energy Says Seeking Approval From Lenders To Enter Into Amendments To Existing Credit Agreement
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY - SEEKING APPROVAL FROM LENDERS TO ENTER INTO AMENDMENTS TO EXISTING CREDIT AGREEMENT.PEABODY ENERGY CORP - SEEKING APPROVAL TO UPSIZE ITS $350.0 MILLION REVOLVING CREDIT FACILITY THAT MATURES IN NOVEMBER 2020 BY AN AMOUNT OF UP TO $215 MILLION.PEABODY ENERGY CORP - SEEKING APROVAL FROM LENDERS TO EXTEND MATURITY DATE OF $540.0 MILLION OF UPSIZED REVOLVING CREDIT FACILITY TO SEPTEMBER 2023.PEABODY ENERGY CORP - CO WILL CONTINUE TO HAVE $395.0 MILLION PRINCIPAL AMOUNT OUTSTANDING UNDER ITS TERM LOAN B FACILITY MATURING IN MARCH 2025.PEABODY ENERGY CORP - CO IS SEEKING TO FURTHER AMEND CREDIT AGREEMENT TO PERMIT PROPOSED JOINT VENTURE WITH ARCH COAL INC.  Full Article

Peabody Announces Private Offering Of $900 Mln Of Senior Secured Notes
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Peabody Energy Corp ::PEABODY ANNOUNCES PRIVATE OFFERING OF $900 MILLION OF SENIOR SECURED NOTES.PEABODY ENERGY CORP - INTENDS TO OFFER AND SELL TO ELIGIBLE PURCHASERS $900 MILLION OF SENIOR SECURED NOTES DUE 2026.PEABODY - INTENDS TO USE NET PROCEEDS FROM OFFERING WITH CASH, TO PURCHASE ABOUT $495.3 MILLION OF OUTSTANDING 6.000% SENIOR SECURED NOTES DUE 2022.PEABODY ENERGY CORP - INTENDS TO USE ANY REMAINING PROCEEDS FROM OFFERING, TOGETHER WITH CASH ON HAND, TO REDEEM ANY REMAINING 2022 NOTES.  Full Article

Peabody Announces Cash Tender Offers For Any And All Of Its Outstanding 6.000% Senior Secured Notes Due 2022 And 6.375% Senior Secured Notes Due 2025
Thursday, 29 Aug 2019 

Aug 28 (Reuters) - Peabody Energy Corp ::PEABODY ANNOUNCES CASH TENDER OFFERS FOR ANY AND ALL OF ITS OUTSTANDING 6.000% SENIOR SECURED NOTES DUE 2022 AND 6.375% SENIOR SECURED NOTES DUE 2025.PEABODY - CASH TENDER OFFERS TO PURCHASE $500 MILLION IN OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF 6.000% SENIOR SECURED NOTES DUE 2022.PEABODY ENERGY - COMMENCED CASH TENDER OFFERS TO PURCHASE $500 MILLION IN OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF 6.375% SENIOR SECURED NOTES DUE 2025.PEABODY ENERGY CORP - OFFERS ARE EXPECTED TO INCREASE COMPANY'S FINANCIAL FLEXIBILITY AND EXTEND DEBT MATURITIES..PEABODY ENERGY CORP - PURSUING OFFERS AS PART OF A REFINANCING INITIATIVE TO ACCOMMODATE PENDING PRB/COLORADO JV WITH ARCH COAL.PEABODY ENERGY CORP - COMPANY REMAINS COMMITTED TO ITS PREVIOUSLY STATED LIQUIDITY AND GROSS DEBT TARGETS..  Full Article

Peabody Increases Quarterly Dividend Per Share To $0.145
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Peabody Energy Corp ::PEABODY INCREASES QUARTERLY DIVIDEND PER SHARE TO $0.145.PEABODY INCREASES QUARTERLY DIVIDEND PER SHARE TO $0.145.  Full Article

Peabody Energy Corp Sees FY 2019 Capital Expenditures In Range Of $350 Million - $375 Million
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY CORP SEES FY 2019 CAPITAL EXPENDITURES IN RANGE OF $350 MILLION - $375 MILLION.  Full Article

Peabody Energy Says Appointed Charles Meintjes To Newly Created Officer Position Of EVP And COO
Saturday, 13 Jul 2019 

July 12 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY CORP - EFFECTIVE JULY 9, CO APPOINTED CHARLES MEINTJES TO NEWLY CREATED OFFICER POSITION OF EVP AND CHIEF OPERATING OFFICER.  Full Article

Peabody Says Obligation To Consummate Arch Coal Deal Conditioned Upon Co Refinancing Outstanding Indebtedness Under Some Credit Facilities
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Arch Coal Inc ::PEABODY - OBLIGATION TO CONSUMMATE ARCH COAL DEAL IS CONDITIONED UPON PEABODY REFINANCING OUTSTANDING INDEBTEDNESS UNDER SOME CREDIT FACILITIES.PEABODY - IF CLOSING OF DEAL HAS NOT OCCURRED ON OR PRIOR TO JUNE 18, 2020, TERMINATION FEE OF $40 MILLION WILL HAVE TO BE PAID BY TERMINATING PARTY.  Full Article

Peabody Energy Says CEO's Total Compensation For FY18 $7.3 Mln Vs $20.6 Mln In FY17
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY SAYS CEO GLENN L. KELLOW'S TOTAL COMPENSATION FOR FY 2018 WAS $7.3 MILLION VERSUS $20.6 MILLION IN FY 2017- SEC FILING.PEABODY ENERGY - CEO GLENN L. KELLOW'S FY 2017 TOTAL COMPENSATION INCLUDED $15 MILLION STOCK AWARDS, $4.5 MILLION NON-EQUITY INCENTIVE PLAN COMPENSATION.PEABODY ENERGY - RATIO OF 2018 ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES IS 53 TO 1.  Full Article

Peabody Declares Supplemental Cash Dividend Of $1.85 Per Share
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Peabody Energy Corp ::PEABODY DECLARES SUPPLEMENTAL CASH DIVIDEND OF $1.85 PER SHARE TO AUGMENT ONGOING $1.5 BILLION SHARE BUYBACK PROGRAM AND QUARTERLY DIVIDENDS.PEABODY ENERGY CORP - TOTAL AMOUNT OF SUPPLEMENTAL DIVIDEND PAYMENT WILL BE APPROXIMATELY $200 MILLION.PEABODY ENERGY CORP - IN 2019, COMPANY EXPECTS TO ALLOCATE AN AMOUNT EQUAL TO OR GREATER THAN ITS FREE CASH FLOW TO SHAREHOLDER RETURNS.PEABODY ENERGY CORP - HAS APPROXIMATELY $415 MILLION REMAINING UNDER ITS CURRENT $1.5 BILLION AUTHORIZATION FOR SHARE REPURCHASES.PEABODY ENERGY CORP - ALSO HAS APPROXIMATELY $415 MILLION REMAINING UNDER ITS CURRENT $1.5 BILLION AUTHORIZATION FOR SHARE REPURCHASES.PEABODY ENERGY CORP - CONTINUES TO IMPLEMENT BUYBACKS AS COMPANY BELIEVES SHARES ARE A "COMPELLING INVESTMENT OPPORTUNITY".PEABODY ENERGY CORP - PEABODY'S LIQUIDITY TARGET REMAINS $800 MILLION AND STOOD AT $1.32 BILLION AT DEC. 31, 2018.PEABODY ENERGY CORP - GROSS DEBT REMAINS TARGETED AT $1.2 BILLION TO $1.4 BILLION AND STOOD AT $1.37 BILLION AT DEC. 31, 2018..PEABODY ENERGY CORP - IN 2019, COMPANY EXPECTS TO ALLOCATE AN AMOUNT EQUAL TO OR GREATER THAN ITS FREE CASH FLOW TO SHAREHOLDER RETURNS..PEABODY ENERGY CORP - TOTAL AMOUNT OF SUPPLEMENTAL DIVIDEND PAYMENT WILL BE FUNDED THROUGH EXISTING CASH BALANCES.  Full Article

Peabody Energy Corp Reports Q4 EPS Attributable To Common Stockholders Of $2.20
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Peabody Energy Corp ::PEABODY REPORTS EARNINGS FOR QUARTER AND YEAR ENDED DECEMBER 31, 2018.Q4 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.49 BILLION.QTRLY EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS $2.20.TARGETING 2019 SALES OF 2.5 MILLION TONS FROM HIGH-MARGIN SHOAL CREEK MINE.QTRLY DILUTED EPS FROM CONTINUING OPERATIONS $1.97.SOLD 46.2 MILLION TONS IN QUARTER VERSUS 49.8 MILLION TONS REPORTED LAST YEAR.PEABODY ENERGY - PACE OF U.S. COAL-FUELED POWER PLANT RETIREMENTS IS EXPECTED TO "SUBSTANTIALLY EASE" IN 2019.TARGETING TO SELL BETWEEN 11.5 MILLION AND 12.5 MILLION TONS OF EXPORT THERMAL COAL IN 2019.SEABORNE METALLURGICAL COAL SUPPLY/DEMAND BALANCE REMAINS FAVORABLE.UNITED WAMBO JOINT VENTURE IS EXPECTED TO COMMENCE PRODUCTION IN EARLY 2020."MAINTAINING ITS LIQUIDITY TARGET OF $800 MILLION AS WELL AS ITS GROSS DEBT TARGET OF $1.2 BILLION TO $1.4 BILLION".PEABODY - TARGETING HIGHER METALLURGICAL COAL VOLUMES BEGINNING IN 2020 WITH PLANNED RETURN TO NORMAL MINING ACTIVITIES AT NORTH GOONYELLA EARLY 2020.CONTINUES TO EVALUATE ALL INTERNAL AND EXTERNAL INVESTMENT OPPORTUNITIES.PEABODY IS TARGETING 2019 CAPITAL INVESTMENTS OF $375 MILLION TO $425 MILLION..PEABODY - IN 2019, EXPECTS SHOAL CREEK MINE TO SHIP ABOUT 2.5 MILLION SHORT TONS OF HIGH-VOL A METALLURGICAL COAL TO ASIAN, ATLANTIC STEEL CUSTOMERS.HAS MORE THAN $400 MILLION REMAINING UNDER CURRENT SHARE BUYBACK PROGRAM, WHICH IT INTENDS TO CONTINUE TO EXECUTE UPON IN 2019.  Full Article

CORRECTED-Peabody expects third quarter to be hit by lower demand, prices

Sept 5 Coal producer Peabody Energy Corp said on Thursday it expected third-quarter earnings to be lower than the second quarter due to lower demand and prices as well as a delay in ramping up production at its Queensland mine in Australia.