Bloomberg reported, citing individuals with knowledge of the transaction, that Peabody Energy is seeking a $1.2 billion loan to refinance existing debt.
Citing the sources, Bloomberg said Citigroup is arranging the term B financing and will host a meeting with lenders on September 6th in New York. According to Bloomberg
data, Peabody has about $6.3 billion in debt.
To read the entire Bloomberg story, click here.