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Peabody Energy Corp (BTU.N)

BTU.N on New York Stock Exchange

40.61USD
12 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Peabody Energy Amends Credit Agreement To Increase Incremental Revolving Facility By $80 Mln
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Peabody Energy Corp ::PEABODY ENERGY - AMENDED CREDIT AGREEMENT TO INCREASE INCREMENTAL REVOLVING FACILITY BY $80 MILLION TO TOTAL COMMITMENTS OF $350 MILLION - SEC FILING.  Full Article

Discovery Capital Management Cuts Stake In Peabody Energy Corp
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Peabody Energy Corp ::DISCOVERY CAPITAL MANAGEMENT LLC CUTS STAKE IN PEABODY ENERGY CORP TO 5.7 PERCENT AS OF DECEMBER 4 FROM A STAKE OF 8.9 PERCENT AS OF AUGUST 23 - SEC FILING.  Full Article

Peabody Completes Sale Of Majority Of Inactive Burton Mine To Lenton Joint Venture
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Peabody Energy Corp ::PEABODY COMPLETES SALE OF MAJORITY OF INACTIVE BURTON MINE TO LENTON JOINT VENTURE.PEABODY ENERGY - ‍IN ADDITION TO RECEIPT OF CASH PROCEEDS FROM SALE, DEAL REDUCES PEABODY'S ASSET RETIREMENT OBLIGATION BY ABOUT $41 MILLION​.  Full Article

Peabody Energy adds incremental revolving credit facility in aggregate principal amount of $270 mln
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Peabody Energy Corp :Peabody Energy - ‍on Nov 17, co entered into amendment No. 2 to credit agreement by and among co, co's units, Goldman Sachs Bank USA, among others.Peabody Energy Corp - ‍ pursuant to amendment, co added an incremental revolving credit facility in aggregate principal amount of $270 million - SEC filing.Peabody Energy Corp - the incremental revolving facility matures on November 17, 2020‍​.Peabody Energy - amendment adds a financial covenant that measures ratio of co's consolidated first lien net debt to amount of co's consolidated EBITDA​.Peabody Energy - incremental revolving facility available for general liquidity purposes; initially intends to utilize it for issuance of letters of credit​.  Full Article

Peabody reports Q3 revenue $1.48 billion
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Peabody Energy Corp :Peabody reports earnings for quarter ended September 30, 2017.Q3 revenue $1.48 billion.Q3 revenue view $1.49 billion -- Thomson Reuters I/B/E/S.Peabody Energy Corp - Qtrly earnings per share attributable to common stockholders $‍1.47​.Peabody Energy - ‍During quarter, generated positive operating cash flow of $239.6 million,paid about $135 million of chapter 11 exit fees and settlement costs​.Peabody Energy Corp - Qtrly EPS from continuing operations $1.49 ‍​.Peabody Energy Corp - Sees FY 2017 U.S. Operations costs per ton ‍​$13.85 – $14.25.Peabody Energy Corp - ‍​Sold 52 million tons in quarter versus 52.8 million tons last year.Peabody Energy Corp - Sees FY 2017 Australia operations - costs per ton ‍​ $51 – $54.Peabody Energy Corp - ‍Continues to believe appropriate level of liquidity is approximately $800 million​.Peabody Energy Corp - Sees FY 2017 total U.S. sales volumes of 151 million short tons - 158 million short tons.Peabody Energy Corp - ‍Is evaluating alternative sources of liquidity to release cash currently tied-up as collateral​.Peabody Energy Corp - Targeting an additional $200 million of debt reduction by December 2018 with a gross debt target of $1.2 billion to $1.4 billion over time​.Peabody - In remainder of 2017, sees modest easing in powder river basin sales volumes, partly offset by continued high level of australian shipments.  Full Article

Peabody to sell majority of Burton mine to Lenton JV
Wednesday, 6 Sep 2017 

Sept 5 (Reuters) - Peabody Energy Corp :Peabody enters into agreement to sell the majority of burton mine to the lenton joint venture.Peabody energy corp entered into an agreement to sell majority of its burton mine and related infrastructure to lenton joint venture for about $11 million.Peabody energy-deal will reduce co's asset retirement obligation by approximately $53 million while also releasing an estimated $30 million of restricted cash.  Full Article

New Hope Corporation says Lenton JV to buy Peabody's Burton coal mine assets
Wednesday, 6 Sep 2017 

Sept 6 (Reuters) - New Hope Corporation Ltd ::Lenton JV agrees to acquire Burton coal mine assets.Lenton joint venture entered agreement with Peabody to acquire 4 mining tenements and their infrastructure for A$14 million.  Full Article

Elliott International reports purchase of 143,820 shares of Peabody Energy
Monday, 24 Apr 2017 

April 24 (Reuters) - :Elliott International LP reports purchase of 143,820 shares of Peabody Energy priced between $25.1127 and $26.2616 on April 20 to April 24, 2017.  Full Article

Peabody Energy provides an update on effects of cyclone Debbie in Australia
Monday, 3 Apr 2017 

Peabody Energy Corp: Peabody Energy provided an update on effects of Cyclone Debbie in Australia . Peabody Energy Corp - while Peabody's mines have recommenced operations, outages of rail system are preventing coal shipments from mine to port . Peabody Energy- still too early to assess impacts on volume and results, as well as any effects on Q2 price negotiations with metallurgical coal customers . Peabody Energy-rail services provider Aurizon announced initial assessments indicate recovery of Goonyella system is expected to take about five weeks . Peabody Energy says still too early to assess impacts on volume and results & any effects on Q2 price negotiations with metallurgical coal customers .Peabody Energy - provided update on effects of Cyclone Debbie in Australia on logistics chain related to co's metallurgical coal mines in Queensland.  Full Article

Peabody energy expects to emerge from chapter 11 in early April 2017
Friday, 17 Mar 2017 

Peabody Energy Corp : Judge announces intention to confirm peabody energy plan of reorganization, paving way for emergence . Expects to emerge from chapter 11 in early april 2017, less than one year after commencing chapter 11 process . Peabody energy- expect to emerge from chapter 11 in early april 2017 . Peabody energy- expects its new equity to trade on new york stock exchange .Peabody energy- plan received support from creditors with an overall approval rate of 93 percent and unanimous acceptance by all 20 voting classes.  Full Article

UPDATE 1-Breitburn shareholders launch last-ditch bankruptcy showdown

Jan 11 Shareholders of Breitburn Energy Partners LP launched a last-ditch legal effort on Thursday to prevent the bankrupt oil producer from wiping out their investment and sticking them with a huge tax bill at a time of surging crude prices.