Peabody Lines Up $2.1 Billion Loan to Buy Anglo’s Coal Business

Bloomberg11-26

(Bloomberg) -- Peabody Energy Corp. has obtained a $2.075 billion bridge loan from a mix of banks and private credit to back its acquisition of Anglo American Plc’s steelmaking coal business. The US ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486023516?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/0bNy24TPvxWdGei4mCmPtw--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/1c2dedebc26a8f0b5cf0de5a8b15aa53","is_english":true,"pubTime":"2024-11-26 16:05","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2486023516","market":"us","top_or_hot":-1,"title":"Peabody Lines Up $2.1 Billion Loan to Buy Anglo’s Coal Business","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Peabody Energy Corp. has obtained a $2.075 billion bridge loan from a mix of banks and private credit to back its acquisition of Anglo American Plc’s steelmaking coal business. \nThe US ...</p>\n\n<a href=\"https://finance.yahoo.com/news/peabody-lines-2-1-billion-080548846.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peabody Lines Up $2.1 Billion Loan to Buy Anglo’s Coal Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeabody Lines Up $2.1 Billion Loan to Buy Anglo’s Coal Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 16:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/peabody-lines-2-1-billion-080548846.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Peabody Energy Corp. has obtained a $2.075 billion bridge loan from a mix of banks and private credit to back its acquisition of Anglo American Plc’s steelmaking coal business. \nThe US ...</p>\n\n<a href=\"https://finance.yahoo.com/news/peabody-lines-2-1-billion-080548846.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTU","symbol_name":"Peabody","start_time":0,"source_url":"https://finance.yahoo.com/news/peabody-lines-2-1-billion-080548846.html","article_id":"2486023516","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0bNy24TPvxWdGei4mCmPtw--~B/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/1c2dedebc26a8f0b5cf0de5a8b15aa53"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486023516","pubTimestamp":1732608348,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Peabody Energy Corp. has obtained a $2.075 billion bridge loan from a mix of banks and private credit to back its acquisition of Anglo American Plc’s steelmaking coal business.The US miner plans to refinance the loan before the acquisition closes in the first half of next year, the company said in a public filing. Jefferies, Deutsche Bank, KKR Capital Markets and KKR Corporate Lending are providing the loan, according to the statement.Private credit has emerged as a financing alternative to traditional lenders that have become reluctant to fund projects that may trigger environmental, social and governance risks. Australian coal miner Whitehaven Coal Ltd. earlier this year secured a $1.1 billion loan from 17 private credit providers and one bank for the purchase of two mines from BHP Group Ltd.Peabody agreed to acquire Anglo American’s coal operations in Australia’s Queensland state to expand into metallurgical coal production, used in the manufacture of steel. The company has sepa","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTU":"Peabody","BK4156":"煤与消费用燃料","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"皮博迪准备21亿美元贷款收购英美资源集团煤炭业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTU":0.9},"content_text":"(Bloomberg) -- Peabody Energy Corp. has obtained a $2.075 billion bridge loan from a mix of banks and private credit to back its acquisition of Anglo American Plc’s steelmaking coal business. \nThe US miner plans to refinance the loan before the acquisition closes in the first half of next year, the company said in a public filing. Jefferies, Deutsche Bank, KKR Capital Markets and KKR Corporate Lending are providing the loan, according to the statement.   \nPrivate credit has emerged as a financing alternative to traditional lenders that have become reluctant to fund projects that may trigger environmental, social and governance risks. Australian coal miner Whitehaven Coal Ltd. earlier this year secured a $1.1 billion loan from 17 private credit providers and one bank for the purchase of two mines from BHP Group Ltd. \nPeabody agreed to acquire Anglo American’s coal operations in Australia’s Queensland state to expand into metallurgical coal production, used in the manufacture of steel. The company has separately inked a deal to sell a controlling interest in one of the mines to Indonesia’s PT Delta Dunia Makmur for $455 million.\nAnglo American’s sale of its coal business in Australia is part of a restructuring strategy to fend off a $49 billion takeover offer from BHP Group earlier this year. \n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486023516"}