BTU · Peabody Energy Corporation

Peabody Energy entered into Amendment No. 3 to its existing Credit Agreement, effective June 30, 2026. The amendment significantly enhances the company's financial flexibility. The total revolving credit commitments were increased by $80 million to $400 million, providing additional liquidity headroom. The maturity extension to June 2030 (from January 2028) lengthens the debt runway and reduces near-term refinancing risk. Interest rate margins were reduced by 25 basis points across all pricing levels, lowering the cost of borrowing. The commitment fee rate remained unchanged at 0.50%. Additionally, the incremental loan capacity was increased from $150 million to $550 million, allowing for future flexibility if needed. The swingline sublimit was raised from $20 million to $25 million. Several negative covenant baskets were also increased (e.g., permitted liens from $50M to $100M, investments from $100M to $150M, and restricted payments from $50M to $100M). The amendment reflects the company's improved credit profile and access to capital markets, positioning it for ongoing operations and potential strategic initiatives.