Peabody Energy completes $250 million Convertible Senior Notes offering

Client(s) Peabody Energy Corporation

Jones Day represented Peabody Energy Corporation, a leading coal producer, in connection with a Rule 144A offering of $250 million aggregate principal amount of 0.50% Convertible Senior Notes due 2031. In connection with the offering, Peabody repurchased a portion of its outstanding 3.250% Convertible Senior Notes due 2028 and entered into capped call transactions with respect to the new 2031 Notes.