Peabody Energy amends existing credit agreement

Client(s) Peabody Energy Corporation

Jones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with an amendment to its existing credit agreement for a new class of term loans and repayment of all term loans that are outstanding immediately prior to the amendment. The amendment also permits Peabody to incur incremental revolving credit commitments up to $300 million and permits additional repurchases, dividends, or other distributions with respect to Peabody’s Common and Preferred Stock in an amount up to $450 million.