Peabody Energy prices $225M convertible senior notes offering due 2031

Peabody Energy announced pricing of $225 million in 0.50% convertible senior notes due 2031 in a private offering to qualified institutional buyers, with settlement scheduled for June 2, 2026. The notes feature a conversion price of $38.32 per share, representing a 32.5% premium to the stock's trading price, providing the company with debt financing while offering investors equity upside potential.