BTU - Peabody Energy Corporation

Why St. Louis stocks are trailing stocks nationally this year

St. Louis stocks far underperformed the national stock indexes through the first three quarters of the year, but almost a third of the local companies were up 20% or more.

Peabody Securities Finance Corporation -- Moody's announces completion of a periodic review of ratings of Peabody Energy Corporation

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Peabody Energy Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Peabody Energy's stock tumbles toward record low after terminating cash buybacks of debt

Shares of Peabody Energy Corp. sank 8.1% toward a record low in afternoon trading Friday, after the coal miner said a terminated its cash tender offers to buy back debt, saying the markets didn't cooperate. "The company noted that, at this particular time, the debt markets do no accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion," Peabody said in a statement late Wednesday. "The company intends to pursue alternative means to accomplish its longer-term objectives in a manner that adds value to the enterprise." Earlier this week, the company said it completed an upsizing of its revolving credit facility, to help enable the pending Arch Coal Inc. joint venture. On Friday, Peabody "confirmed its commitment" to the Arch Coal JV, saying it continues to progress through the regulatory approval process. Arch Coal's stock dropped 5.2% toward the lowest close since Oct. 30, 2017. Year to date, Peabody shares have slumped 48.7% and Arch Coal's stock has lost 13.2%, while the S&P 500 has gained 19.3%.

Peabody Energy Corporation -- Moody's assigns Ba3 rating to Peabody Energy's proposed secured notes

Moody's Investors Service ("Moody's") assigned a Ba3 rating to Peabody Energy Corporation's ("Peabody") proposed $900 million Senior Secured Notes. Proceeds from the offering, combined with funds from existing cash balances, will be used to repurchase and redeem approximately $1 billion of senior secured notes being tendered by the company. "Peabody's revised deal structure will lower debt balances by about $100 million, extend debt maturities, and pave the way for the proposed joint venture with Arch Coal," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for Peabody Energy Corporation.

Peabody Energy Corporation -- Moody's assigns ratings to Peabody's proposed refinancing debt

Moody's Investors Service ("Moody's") affirmed Peabody Energy Corporation's ("Peabody") Ba3 Corporate Family Rating ("CFR"), assigned Ba3 ratings to the company's proposed $1.5 billion senior secured credit facilities, and assigned a B2 rating to the company's proposed $500 million senior unsecured notes. Proceeds from the proposed $900 million term loan and $500 million notes will be used to help refinance existing secured debt.

Peabody Shares Plummet as Coal Giant Lowers Third-Quarter Outlook

The nation's largest coal company cited a number of factors pushing down sales and earnings in the third quarter, including a mining venture that has proven more challenging than anticipated.

UPDATE 1-Peabody expects third quarter to be hit by lower demand, prices

Coal producer Peabody Energy Corp said on Thursday it expected third-quarter earnings to be lower than the second quarter due to lower demand and prices as well as a delay in ramping up production at its Queensland mine in Australia. Peabody's warning comes just months after the company said it expects progressive rise in both seaborne thermal and metallurgical coal volumes in the second half of the year.

India eases foreign investment rules for several sector to boost growth

PRESS DIGEST - Wall Street Journal - Aug 14

Coal Stock Peabody Energy Has Fallen, but Its Largest Holder Is Buying Up Shares

Subsidiaries of hedge fund Elliott Management have bought millions of dollars of the coal miner’s shares, which have lost nearly half their value this year.