Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Peabody Energy Corp. > News item |
Peabody Energy to launch $900 million term loan B on Thursday
By Sara Rosenberg
New York, Sept. 4 – Peabody Energy Corp. is scheduled to hold a lender call at 2 p.m. ET on Thursday to launch a $900 million seven-year term loan B, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
The term loan has 101 soft call protection for six months.
Commitments are due at 5 p.m. ET on Sept. 12, the source said.
Proceeds will be used to help fund tender offers for the company’s $500 million 6% senior secured notes due 2022 and $500 million 6 3/8% senior secured notes due 2025 and to refinance an existing term loan B.
Peabody is a St. Louis-based private sector coal company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.