17.05.2016 21:43:00

Peabody Energy Corporation (DIP) -- Moody's assigns B1 rating to Peabody's DIP Loan

New York, May 17, 2016 -- Moody's Investors Service assigned a B1 rating to the $500 million debtor-in-possession (DIP) term loan entered into by Peabody Energy Corporation (Peabody) to provide the company with the necessary liquidity as it goes through the Chapter 11 restructuring process. The term loan is part of the $800 million DIP financing, which includes $200 million bonding accommodation to help secure reclamation obligations and $100 million cash collateralized letter of credit facility.

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