Business Context and Reporting Period
Company: Peabody Energy Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: June 30, 2026
Event: Entry into a Material Definitive Agreement (Amendment No. 3 to Credit Agreement)
Key Financial Metrics
This filing does not report revenue, profit, cash flow, or operating margins. It focuses exclusively on debt facility terms.
| Metric | Previous Value | New Value |
|---|---|---|
| Revolving Commitments | $320,000,000 | $400,000,000 |
| Maturity Date | January 18, 2028 | June 30, 2030 |
| SOFR Margin Range | 3.50% to 4.25% | 3.25% to 4.00% |
| Base Rate Margin Range | 2.50% to 3.25% | 2.25% to 3.00% |
Material Changes
- Increased Liquidity: Revolving credit commitments increased by $80 million.
- Extended Maturity: The facility maturity was extended by approximately 2.5 years.
- Reduced Borrowing Costs: Applicable interest rate margins were lowered across both SOFR and Base Rate options, contingent on the Company's total net leverage ratio.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on operational outlook, or specific risk factors beyond the standard legal disclaimer that the summary is qualified by the full text of the amendment. The primary contingency noted is that interest rates remain dependent on the Company's total net leverage ratio.
Investor Verification Checklist
- Verify the Company's current total net leverage ratio to determine the specific applicable interest rate margin.
- Review the full text of Amendment No. 3 (Exhibit 10.1) for any covenants or conditions omitted from the summary.
- Confirm the utilization rate of the new $400 million facility to assess immediate liquidity needs.