Cases & Deals

Peabody completes offering of $320 million of Convertible Senior Notes to refinance outstanding Senior Secured Notes

Client(s) Peabody Energy Corporation

Jones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with a Rule 144A offering of $320 million aggregate principal amount of 3.250% Convertible Senior Notes due 2028, and the concurrent redemptions of all of the Company's outstanding 8.500% Senior Secured Notes due 2024 and a portion of its outstanding 6.375% Senior Secured Notes due 2025.