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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank Agents New $320MM Revolving Credit Facility for Peabody
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Lenders/Participants
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PNC Bank [Lender]
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Structure
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Senior Secured Revolving Credit Facility
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Amount
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$320.000
Million
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Borrower(s)
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Peabody
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Description
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A new $320 million senior secured revolving credit facility maturing in January 2028, subject to certain conditions relating to the company's outstanding Convertible Senior Notes due March 1, 2028. Revolving loans under the facility bear interest at a rate of SOFR plus an applicable margin ranging from 3.50% to 4.25%, depending on the company's total net leverage ratio. At Peabody's current total net leverage ratio, the margin would be 3.50%. Letters of credit under the facility are subject to a fee equal to the applicable margin. The facility will be guaranteed by certain of Peabody's subsidiaries.
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Industry
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Energy
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Location
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MO
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| Related Tags |
Peabody Energy, PNC Bank
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ABL Advisor
Deal Tables
2025
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