U.S. Coal Demand and Peabody Strategic Overview
Substantial Interest in BTU
from Multiple Sectors of Capital Markets
⚫ February 2017
Targeted $1.5 billion debt offering upsized
and heavily oversubscribed
⚫ April 2017
-
-
$1.3 billion in third-party U.S. bonding facilities on emergence
- $250 million accounts receivable securitization program
$1.5 billion in new equity raised
⚫ September 2017
-
Repriced term loan, lowering interest rate 100 basis.
points, providing ability to fully execute share buybacks
• November 2017
-
$270 million revolver put in place
• December 2017
-
$80 million upsize in revolver
$2.2 billion increase in market capitalization since April 3
⚫ January/February 2018
$226 million Australian surety bond initiated with insurers
Peabody
BANK LENDERS
BONDHOLDERS
EQUITY HOLDERS
INSURERS
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