Peabody bankruptcy reorganisation gains momentum

HOLDERS of about 94.9% of the outstanding principal amount of Peabody Energy’s senior secured second lien notes and approximately 80.3% of the outstanding principal amount of the company's senior unsecured notes are parties to each of Peabody’s Plan Support Agreement, Backstop Commitment Agreement and Private Placement Agreement.

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Peabody bankruptcy reorganisation gains momentum Peabody bankruptcy reorganisation gains momentum Peabody bankruptcy reorganisation gains momentum Peabody bankruptcy reorganisation gains momentum Peabody bankruptcy reorganisation gains momentum

The BCA relates to the proposed $US750 million common stock rights offering and the PPA relaes to the proposed private placement of $750 million of mandatorily convertible preferred stock as Phase Two

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