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Peabody Energy Announces Closing of $1B Offering


In mid-February, Peabody Energy closed its previously announced private offering of $1 billion aggregate principal amount of senior secured notes, consisting of $500 million of 6% senior secured notes due in 2022 and $500 million of 6.375% senior secured notes due in 2025. The net proceeds of the offering have been funded into an escrow account pending Peabody’s emergence from bankruptcy.

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