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Peabody Energy : At Market Issuance Sales Agreement (Form 8-K)

06/04/2021 | 04:25pm EDT

Entry into a Material Definitive Agreement

On June 4, 2021, Peabody Energy Corporation (the 'Company') entered into an At Market Issuance Sales Agreement (the 'Sales Agreement') with B. Riley Securities, Inc., as sales agent or principal (the 'Agent'). Pursuant to the Sales Agreement, the Company may offer and sell over a period of time, and from time to time, up to 12,500,000 shares (the 'Shares') of its common stock, par value $0.01 per share, through or to the Agent. Sales of the Shares, if any, may be made by any method permitted by law that is deemed to be an 'at the market offering' as defined in Rule 415 under the Securities Act of 1933 (the 'Securities Act'). The Company will pay the Agent a commission equal to 2.0% of the gross proceeds from each sale of Shares sold through the Agent under the Sales Agreement. The Company has no obligation to sell any Shares and may at any time suspend solicitation and offers under the Sales Agreement or terminate the Sales Agreement.

The Shares will be offered and sold pursuant to the Company's Registration Statement on Form S-3(File No. 333-254765),which was declared effective by the Securities and Exchange Commission on April 23, 2021, as supplemented by the Prospectus Supplement, dated June 4, 2021, relating to the offer and sale of the Shares.

The Sales Agreement contains customary representations, warranties and covenants by the Company, indemnification obligations of the Company, including for liabilities under the Securities Act, other obligations of the parties and termination provisions. The foregoing description of the Sales Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Sales Agreement, a copy of which is filed as Exhibit 1.1 hereto and incorporated by reference herein.

Other Events

In connection with the public offering of the Shares, the Company is filing the Sales Agreement and certain other items listed below as exhibits to this Current Report on Form 8-Kfor the purpose of incorporating such items into the Registration Statement. Such items filed as exhibits to this Current Report on Form 8-Kare hereby incorporated into the Registration Statement by reference.

Financial Statements and Exhibits.

(d) Exhibits.



1.1 At Market Issuance Sales Agreement, dated June 4, 2021, by and between Peabody Energy Corporation and B. Riley Securities, Inc.
5.1 Opinion of Jones Day.
23.1 Consent of Jones Day (included in Exhibit 5.1).
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).


Peabody Energy Corporation published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 20:24:06 UTC.

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Financials (USD)
Sales 2021 2 940 M - -
Net income 2021 -163 M - -
Net Debt 2021 90,0 M - -
P/E ratio 2021 -10,6x
Yield 2021 -
Capitalization 1 090 M 1 090 M -
EV / Sales 2021 0,40x
EV / Sales 2022 0,28x
Nbr of Employees 4 600
Free-Float 68,6%
Duration : Period :
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Technical analysis trends PEABODY ENERGY CORPORATION
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 4
Last Close Price 10,93 $
Average target price 7,67 $
Spread / Average Target -29,9%
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Managers and Directors
James C. Grech President, Chief Executive Officer & Director
Mark A. Spurbeck Executive VP, Chief Financial & Accounting Officer
Robert A. Malone Non-Executive Chairman
Darren R. Yeates Chief Operating Officer, Director & Executive VP
Michael W. Sutherlin Independent Director
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