Peabody Energy announced that it amended its existing secured credit facility to enhance financial flexibility by modifying the leverage and interest coverage covenants for the life of the facility. Pricing, size and maturity date of the facility remain unchanged.

According to the company 8-K filing, Citibank served as administrative agent, swing line lender and L/C issuer. The filing also listed Citigroup Global Markets, Merrill Lynch, BNP Paribas Securities, Crédit Agricole Corporate and Investment Bank, HSBC Securities (USA), Morgan Stanley Senior Funding, PNC Capital Markets and RBS Securities as joint lead arrangers and joint book managers.

The amendment modifies certain terms and conditions and provides additional security to the credit facility, which consists of a $1.65 billion revolver due in 2018 and a $1.2 billion term loan due in 2020. The company continues to benefit from its diverse global platform, and remains focused on reducing costs, maintaining tight capital discipline and completing non-core asset sales.

Peabody Energy is a private-sector coal company providing sustainable mining, energy access and clean coal solutions.