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Get filing alertsPeabody expands credit facility to $400M, extends maturity to 2030, cuts rates 25bps
Filed July 1, 2026 · Period ending June 30, 2026 · ~1 min read
Key Changes
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Revolving credit capacity increased $80M to $400M from $320M, providing additional liquidity for operations and potential growth.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Maturity extended 2.5 years to June 2030 from January 2028, reducing near-term refinancing risk.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Interest rate margins reduced 25 basis points across all leverage tiers; SOFR-based rates now 3.25%-4.00% vs. prior 3.50%-4.25%, lowering borrowing costs.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
Peabody Energy amended its revolving credit facility on favorable terms, securing an $80 million capacity increase to $400 million while simultaneously extending the maturity date by approximately 2.5 years to June 2030 and reducing interest rate margins by 25 basis points. The combination of increased capacity, longer tenor, and lower pricing reflects improved credit positioning and provides the company with enhanced financial flexibility. For retail holders, this amendment is a positive development that strengthens Peabody's liquidity profile and reduces both refinancing risk and borrowing costs.
The $400 million facility provides a larger cushion for operational needs and potential strategic initiatives, while the 2030 maturity pushes refinancing concerns well into the future. The rate reduction, though modest, will lower interest expense on any drawn amounts. The ability to secure these improved terms suggests lenders view Peabody's credit quality favorably, which aligns with broader financial stability.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
extend the maturity date of the revolving commitments and any related loans (any such loans, the “Revolving Loans”) from January 18, 2028 to June 30, 2030
The maturity date of the revolving credit facility was extended by approximately 2.5 years, from January 2028 to June 2030. This extension reduces near-term refinancing risk and provides longer-term access to committed capital.
Added in current filing · verify on EDGAR →
decrease the interest rate applicable to the Revolving Loans from a rate equal to SOFR plus an applicable margin ranging from 3.50% to 4.25%, depending on the Company’s total net leverage ratio (as defined under the Credit Agreement) or a base rate plus an applicable margin ranging from 2.50% to 3.25%, at the Company’s option, to a rate equal to SOFR plus an applicable margin ranging from 3.25% to 4.00%, depending on the Company’s total net leverage ratio or a base rate plus an applicable margin ranging from 2.25% to 3.00%, at the Company’s option
The interest rate margins on the revolving loans were reduced by 25 basis points across all leverage tiers. The SOFR-based rate now ranges from 3.25% to 4.00% (down from 3.50% to 4.25%), and the base rate option ranges from 2.25% to 3.00% (down from 2.50% to 3.25%). This reduction will lower borrowing costs when the facility is drawn.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 2, 2026 · How we verify