Peabody frees up cash with A$700M Australian surety facilities, terminates old agreements

Filed June 15, 2026 · Period ending June 9, 2026 · ~1 min read

Key Changes

• high

  Peabody established A$700M in new surety bond facilities with Liberty Mutual and Swiss Re to replace 100% cash-collateralized reclamation bonding programs, freeing up previously restricted cash for the Australian operations.

  Item 1.01 verify on EDGAR →
• high

  Company terminated 2020-2022 surety agreements and related collateral security agreement after satisfying all obligations, reducing overall collateral pledged to surety providers and improving financial flexibility.

  Item 1.01 verify on EDGAR →
• medium

  New Australian facilities terminate June 2031 and are secured by substantially all assets of Australian subsidiaries, with standard covenants limiting debt, distributions, asset sales, and affiliate transactions.

  Item 1.01 verify on EDGAR →