Peabody will pay down priority lien debt from excess cash flow

Chicago, Feb. 10 – Peabody Energy Corp. said that it will be paying down priority lien debt under its credit agreement from Jan. 29, 2021 with Wilmington Trust, NA as administrative agent, according to a press release.

The total excess cash flow amount is $105.558 million. However, $51.179 million of that is being used for a tender offer for Peabody subsidiaries PIC AU Holdings LLC and PIC AU Holdings Corp.

Peabody is a St. Louis-based private sector coal company.

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