Peabody Energy Corporation completed a private offering of $250 million in 0.50% Convertible Senior Notes due 2031, resulting in approximately $243.3 million in net proceeds. The company intends to use approximately $16.7 million of the proceeds for capped call transactions and approximately $241.2 million of the proceeds, alongside available cash, to repurchase its 3.250% Convertible Senior Notes due 2028 for a total cash price of approximately $388.8 million.
