Peabody Energy to redeem all outstanding convertible senior notes on Nov. 18
BTU•Cash settlement elected
Peabody elected cash settlement for conversions, meaning conversion obligations will be settled entirely in cash.
Conversion deadline and rate
Noteholders can convert their notes through 5:00 p.m. New York time on Nov. 16, 2026.
The conversion rate has been raised to 54.928 shares per $1,000 principal from 52.8309 due to a make-whole fundamental change.
Convertible notes redemption announced
Peabody Energy will fully redeem its 3.250% Convertible Senior Notes due 2028 on Nov. 18, 2026.
The redemption price is set at 100% of principal, plus accrued and unpaid interest up to, but excluding, the redemption date.
