BTU - Two Peabody Energy units complete repurchase of $20.4M of term loan debt

• Two units of Peabody Energy ( NYSE: BTU ) have completed the repurchase of about $20.4M of their term loan.
• PIC AU Holdings LLC and PIC AU Holdings Corp completed the repurchase of their 10.000% Senior Secured Term Loan due 2024 at a weighted average purchase price of 105.91% of par, BTU said in a statement on Monday.
• The units also announced an offer to purchase for cash any and all of the $81.55M outstanding principal amount of their 10.000% Senior Secured Notes due 2024.
• The units also simultaneously made a separate offer to buy an amount of the term loan of up to $61.19M at a purchase price of 105.91% on par.
• BTU stock earlier closed +3.1% at $21.23.

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