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Published on 2/23/2022 in the Prospect News Convertibles Daily.

Convertibles Calendar: Peabody Energy on tap

Feb. 23

PEABODY ENERGY CORP.:

• $250 million six-year convertible notes

• Greenshoe of $37.5 million

• Coupon of 3% to 3.5% and initial conversion premium of 30% to 35%

• Goldman Sachs & Co. LLC and Jefferies LLC

• Non-callable for three years and then subject to a 130% hurdle

• Rule 144A

• 8.5% senior secured notes due 2024 and a portion of its 6.375% senior secured notes due 2025

• St. Louis-based coal producer


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