Saturday, January 16, 2021 8:22:12 PM
compromises they are making with their current lenders.
(supposedly extended to due date of Dec, 2024)
On surface it seems good. But each time is seems
finalized they come up with some new (unreadable)
terminology.
It just doesn't sound right..or maybe that is the
way the lawyers need to make sure it is done
to everybody's satisfaction legally.
Here is the latest Report:
Peabody Announces Extended Early Tender Results Of Exchange Offer And Consent Solicitation, Further Extension Of Early Tender Date And Waiver And Satisfaction Of Minimum Tender Condition
https://finance.yahoo.com/news/peabody-announces-extended-early-tender-013800126.html
ST. LOUIS, Jan. 15, 2021 /PRNewswire/ -- Peabody (NYSE: BTU) today announced that as of 5:00 p.m., New York City time, on January 15, 2021 (the "Extended Early Tender Date"), at least $397.5 million in aggregate principal amount of its outstanding 6.000% Senior Secured Notes due 2022 (the "Existing Notes"), representing approximately 86.6% of the total outstanding principal amount of Existing Notes, had been validly tendered and not validly withdrawn in connection with Peabody's previously announced offer to exchange (the "Exchange Offer") any and all of its Existing Notes for (i) new 10.000% Senior Secured Notes due December 31, 2024 (the "New Co-Issuer Notes") to be co-issued by PIC AU Holdings LLC, a Delaware limited liability company and an indirect, wholly-owned subsidiary of Peabody, and PIC AU Holdings Corporation, a Delaware corporation and an indirect, wholly-owned subsidiary of Peabody, and (ii) new 8.500% Senior Secured Notes due December 31, 2024 (the "New Peabody Notes" and together with the New Co-Issuer Notes, the "New Notes") to be issued by Peabody.
Peabody also announced the further extension of the Extended Early Tender Date to 11:59 p.m., New York City time, on January 25, 2021, which is the "Expiration Date" for the Exchange Offer. Subject to satisfaction of the conditions to the Exchange Offer, each $1,000 principal amount of Existing Notes tendered on or prior to the Expiration Date will be exchanged into an amount of New Peabody Notes that, together with New Co-Issuer Notes received in exchange and the Pro Rata Payment (as defined below), will amount to $1,000 aggregate consideration received for each $1,000 of principal amount of Existing Notes tendered. Accordingly, at the current exchange participation level of 86.6%, in exchange for each $1,000 principal amount of Existing Notes validly tendered and accepted by Peabody, participating Eligible Holders (as defined below) of Existing Notes will receive $488.06 principal amount of New Co-Issuer Notes, $488.24 principal amount of New Peabody Notes and a pro rata share per $1,000 principal amount of Existing Notes tendered by the New Early Tender Date of a cash payment of $9,420,000 equal to $23.70 in cash (the "Pro Rata Payment"), as well as the early tender premium of $10.00 in cash. Etc, etc, etc...
[Almost impossible to understand]
Recent BTU News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/18/2024 08:30:16 PM
- Peabody to Announce Results for the Quarter Ended September 30, 2024 • PR Newswire (US) • 10/17/2024 11:45:00 AM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 10/16/2024 10:31:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/15/2024 11:32:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/11/2024 08:17:12 PM
- Peabody Provides Update on Centurion Metallurgical Coal Mine Development • PR Newswire (US) • 10/11/2024 08:10:00 PM
- Peabody to Host Presentation Providing Enhanced Details about Centurion, the Company's Premium Hard Coking Coal Cornerstone Asset • PR Newswire (US) • 10/08/2024 11:45:00 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 09/25/2024 08:06:36 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/24/2024 09:01:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:27:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:26:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:24:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:23:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:21:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:19:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:17:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:16:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:14:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:12:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:10:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 12:01:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 12:21:14 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 12:18:12 AM
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 08/21/2024 12:51:50 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:40:17 PM
SANUWAVE Announces Reverse Stock Split, Note and Warrant Exchange, and PIPE Offering • SNWV • Oct 18, 2024 9:31 AM
Vocodia Addresses Recent Stock Price Movement and Future Strategic Partnerships • VHAI • Oct 18, 2024 9:00 AM
Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in this Fiscal Quarter • MMMW • Oct 18, 2024 7:32 AM
Unitronix Corp Advances DeFi Innovation with Tokenized Real-World Assets Integration • UTRX • Oct 17, 2024 7:38 AM
Mass Megawatts Commences Solar Energy Sales Efforts • MMMW • Oct 16, 2024 7:45 AM
SANUWAVE Health Announces 1-For-375 Reverse Stock Split • SNWV • Oct 16, 2024 7:40 AM