PEABODY ENERGY CORPORATION (NASDAQ:BTUUQ) Files An 8-K Other Events

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PEABODY ENERGY CORPORATION (NASDAQ:BTUUQ) Files An 8-K Other Events
Item 8.01 Other Events.

As previously disclosed, on April 13, 2016 (the “Petition Date”), Peabody Energy Corporation, a Delaware corporation (the “Company”) and a majority of the Company’s wholly owned domestic subsidiaries, as well as one international subsidiary in Gibraltar (collectively with the Company, the “Debtors”), filed voluntary petitions under Chapter 11 of Title 11 of the U.S. Code in the United States Bankruptcy Court for the Eastern District of Missouri (the “Bankruptcy Court”). The Debtors’ Chapter 11 cases (collectively, the “Chapter 11 Cases”) are being jointly administered under the caption In re Peabody Energy Corporationet al., Case No. 16-42529.

In addition, as previously disclosed, on May 18, 2016, the Bankruptcy Court entered an order (as amended, the “DIP Final Order”) approving that certain Superpriority Secured Debtor-in-Possession Credit Agreement, dated April 18, 2016, between the Company, as borrower, Citibank, N.A., as administrative agent and the lender parties thereto on a final basis.

On December 21, 2016, the Bankruptcy Court approved a stipulation (the “Stipulation”) filed by the Company relating to an amendment to the DIP Final Order. The Stipulation amends the Final DIP Order to extend the Adequate Protection Milestones (as defined in the DIP Final Order) related to the Debtors’ continued use of Cash Collateral (as defined in the DIP Final Order), including an extension of the date on which the Debtors must file a plan of reorganization and related disclosure statement to December 22, 2016. As a result, the Company is required to file with the Bankruptcy Court a plan of reorganization and disclosure statement with respect thereto by December 22, 2016.

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