BTU - Peabody subsidiaries upsize term loan offer

• Peabody ( NYSE: BTU ) subsidiaries have increased the aggregate principal amount of their previously announced offer to purchase their 10.000% senior secured term loan due 2024 to up to any and all outstanding $114.6M term loan debt.
• On September 19, 2022, the co-issuers repurchased ~$20.4M of the term loan at a weighted average purchase price of 105.91% of par, in accordance with the Credit Agreement, and announced the offer to purchase for cash any and all of the $81.5M outstanding principal amount of their 10.000% Senior Secured Notes due 2024 at a purchase price equal to 105.91% of the principal amount of the notes repurchased in the notes Offer, plus accrued and unpaid interest, if any, to but excluding, the settlement date for the notes offer.
• On October 27, 2022, both the notes offer and the separate term loan offer were extended to remain open until 5:00 p.m. ET on November 18, 2022.
• As of 5:00 p.m. ET on November 8, 2022, $64.11M aggregate principal amount of notes had been validly tendered and not validly withdrawn.

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