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Article: Peabody Energy Announces Pricing of $900 Million of 7.375% 10-Year Senior Notes and 7.875% 20-Year Senior Notes.
- Article from:
- PR Newswire
- Article date:
- October 5, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. LOUIS, Oct. 5 /PRNewswire-FirstCall/ -- Peabody Energy today announced the pricing of an offering of $650 million of 7.375% 10-year senior notes due 2016 and $250 million of 7.875% 20-year senior notes due 2026 under its shelf registration statement.
"We're pleased to complete this senior notes offering, which will help to fund the Excel Coal acquisition," said Peabody Energy Chief Financial Officer and Executive Vice President of Corporate Development Richard A. Navarre. "The terms of these offerings and ability to access the 20-year bond market, along with the recently completed $2.75 billion unsecured bank facility, reflect the investment community's ...