Peabody Energy Gets $2.08 Billion Bridge Loan Facility to Fund Acquisition of Anglo American's Coal Assets

MT Newswires Live11-26

Peabody Energy (BTU) said in a Monday filing that it entered an agreement for a bridge loan facility with multiple lenders to provide up to $2.08 billion to partly finance the company's acquisition of Anglo American's coal assets in Australia.

The company said that borrowings under the facility will mature 364 days from the initial funding date, which will be on or around the closing date of the acquisition. The acquisition is expected to close in the first half of 2025.

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