Peabody Energy Prepays $75 Million Of Debt And Enhances Financial Flexibility

ST. LOUIS, Nov. 19, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today announced that the company has voluntarily prepaid $75 million of term-loan borrowings, bringing year to date debt repayments to more than $380 million.

The company also has amended its 2010 credit facility and 2011 term loan facility to increase financial flexibility by temporarily expanding its maximum leverage ratio covenant through 2014.  The covenant ratio has been expanded to accommodate the effects of any near-term market challenges based on macro-economic conditions.

Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. For further information, go to PeabodyEnergy.com and CoalCanDoThat.com.

 

CONTACT:
Vic Svec
(314) 342-7768

SOURCE Peabody Energy

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here