Peabody Energy Corporation (BTU)

[sambeaux]

You declared: "Peabody is going insolvent." That does not agree with their CFO who stated rather emphatically that they have
reached Agreements with their Surety Bond lenders..
all the way to 2025. [and working with 2022 lenders]
From Earnings report of 11/09/20:
In early November, Peabody reached a standstill agreement with its surety bond providers for the company's $1.6 billion surety program to resolve approximately $800 million of collateral requests made in the third quarter and limit future collateral requirements.

"We are grateful for the tremendous collaboration with our surety providers to reach a first-of-its-kind solution that offers a greater line of sight into Peabody's future collateral requirements," said Executive Vice President and Chief Financial Officer Mark Spurbeck. "The agreement lays the foundation for stability and provides the necessary support for our longstanding commitment to reclamation. We are now focused on continuing to work with our 2022 noteholders and revolving credit lenders to effectuate a holistic transaction that provides for maturity extensions and covenant relief, while maintaining sufficient operating liquidity and financial flexibility."

Providers of 99 percent of the company's surety bond portfolio have agreed to the following terms and conditions:

Just sayin'.. not guaranteein'..