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BRIEF-Peabody Energy adds incremental revolving credit facility in aggregate principal amount of $270 mln
November 20, 2017 / 12:25 PM / 24 days ago

BRIEF-Peabody Energy adds incremental revolving credit facility in aggregate principal amount of $270 mln

Nov 20 (Reuters) - Peabody Energy Corp

* Peabody Energy - ‍on Nov 17, co entered into amendment No. 2 to credit agreement by and among co, co’s units, Goldman Sachs Bank USA, among others

* Peabody Energy Corp - ‍ pursuant to amendment, co added an incremental revolving credit facility in aggregate principal amount of $270 million - SEC filing

* Peabody Energy Corp - the incremental revolving facility matures on November 17, 2020‍​

* Peabody Energy - amendment adds a financial covenant that measures ratio of co’s consolidated first lien net debt to amount of co’s consolidated EBITDA​

* Peabody Energy - incremental revolving facility available for general liquidity purposes; initially intends to utilize it for issuance of letters of credit​ Source text:(bit.ly/2zS99UY) Further company coverage:

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