PEABODY ENERGY CORP 8-K

What Happened
Peabody Energy Corporation announced on June 30, 2026 that it entered into Amendment No. 3 to its Credit Agreement with PNC Bank, N.A., as administrative agent, and the lenders party to the agreement. The amendment increases the company’s revolving credit commitments, extends the maturity date, and reduces the applicable interest margins for revolver borrowings.

Key Details

• Revolving commitments increased from $320,000,000 to $400,000,000.
• Revolving loan maturity extended from January 18, 2028 to June 30, 2030.
• Interest pricing for Revolving Loans reduced: SOFR-based margin lowered from a range of 3.50%–4.25% to 3.25%–4.00%; base-rate margin lowered from 2.50%–3.25% to 2.25%–3.00%, depending on Peabody’s leverage.
• Amendment dated June 30, 2026 (filed as Exhibit 10.1 to the Form 8-K).

Why It Matters
The amendment increases Peabody’s available short-term liquidity, extends its borrowing runway by over two years, and lowers borrowing margins—measures that can reduce interest costs and improve financial flexibility. For investors, these changes are material because they affect the company’s access to capital and potential financing costs, without any announced changes to operations or management.