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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Macar Coal Fpo | ASX:MCC | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
Coal company Peabody Energy Corp. (BTU) announced Monday that it plans to offer $2.75 billion of new senior unsecured debt, subject to market conditions, to help fund its purchase of interests in Australian coking-coal-mining company Macarthur Coal Ltd. (MCC.AU).
The two-part offering, comprising seven- and 10-year debt, will be marketed privately to qualified institutional buyers.
Peabody had used bridge financing to close on its controlling stake in Macarthur Coal shares with ArcelorMittal through a joint venture company, PEAMCoal Pty. Ltd.
St. Louis-based Peabody fuels 10% of U.S. power supply and 2% of the electricity worldwide, according to its website.
It posted $2.04 billion of revenue in the third quarter, up 9% over the prior-year period.
-By Katy Burne, Dow Jones Newswires; 212-416-3084; katy.burne@dowjones.com
1 Year Macarthur Coal Chart |
1 Month Macarthur Coal Chart |
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