PEABODY ENERGY CORPORATION (OTCMKTS:BTUUQ) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement |
As previously disclosed, on April 13, 2016 (the Petition Date),
Peabody Energy Corporation, a Delaware corporation (the Company)
and a majority of the Companys 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 captionIn re Peabody Energy
Corporation,et al., Case No. 16-42529.
On November 23, 2016, the Bankruptcy Court approved a stipulation
filed by the Company (Docket No. 1662) relating to an amendment
to the Companys Superpriority Secured Debtor-In-Possession Credit
Agreement (as amended from time to time, the DIP Credit
Agreement). While the DIP Credit Agreement contains certain
milestone events relating to the Chapter 11 Cases, the amendment
to the DIP Credit Agreement approved by the Bankruptcy Court (the
DIP Amendment) removes any deadline by which the Bankruptcy Court
must enter an order determining the CNTA Issues (as defined in
the DIP Credit Agreement prior to giving effect to the DIP
Amendment).
The foregoing description of the DIP Amendment is qualified in
its entirety by reference to Amendment No. 5 to Superpriority
Secured Debtor-In-Possession Credit Agreement, by and among the
Company, Peabody Global Funding, LLC and certain Debtors parties
thereto as guarantors, the lenders party thereto and Citibank,
N.A., as administrative agent, which is filed as Exhibit 10.1
hereto and is incorporated herein by reference.
| Item9.01 | Financial Statements and Exhibits |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
| 10.1 |
Amendment No. 5 to Superpriority Secured Debtor-In-Possession Credit Agreement, by and among Peabody Energy Corporation, Peabody Global Funding, LLC (f/k/a Global Center for Energy and Human Development, LLC) and certain Debtors parties thereto as guarantors, the lenders party thereto and Citibank, N.A., as administrative agent. |
2
About PEABODY ENERGY CORPORATION (OTCMKTS:BTUUQ)
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming. Midwestern U.S. Mining operations reflect the Company’s Illinois and Indiana mining operations. Western U.S. Mining operations reflect the aggregation of the New Mexico, Arizona and Colorado mining operations. Australian Metallurgical Mining operations consist of mines in Queensland and New South Wales, Australia. Australian Thermal Mining operations consist of mines in New South Wales, Australia. Its Trading and Brokerage segment engages in the direct and brokered trading of coal and freight-related contracts through the trading and business offices. Its Corporate and Other includes selling and administrative expenses, and corporate hedging activities. PEABODY ENERGY CORPORATION (OTCMKTS:BTUUQ) Recent Trading Information
PEABODY ENERGY CORPORATION (OTCMKTS:BTUUQ) closed its last trading session down -0.69 at 10.31 with 3,485,001 shares trading hands.