Peabody upsizes revolving credit facility to $400M, extends to 2030
What's the deal? Peabody EnergyDealroom has a profile for this one. Try Dealroom → has upsized and extended its revolving credit facility to $400 million, pushing the maturity out to 2030. Cahill Gordon & Reindel represented the lead arrangers on the deal, announced June 30, 2026.
What's the endgame? Peabody is a coal producer, supplying products for affordable, reliable energy and steel. It said proceeds will fund general corporate purposes.
Why now? The move both increases the facility's size and extends its maturity, giving the company a longer runway of committed liquidity.
The signal: The upsize and extension point to a quick re-raise, with lenders backing Peabody's borrowing capacity through the end of the decade.
Read more: Cahill Gordon & Reindel
Image credit: pasa47
