Peabody Energy Corporation (NYSE:BTU) boosted liquidity by extending and upsizing its revolving credit to $400M with lower margins, even as a lawsuit and consecutive guidance cuts over Centurion’s missed ramp-up dented production outlook; the company named Bryan Quinn president of global operations to help steady mining performance.
Previous Week Recap
- BTU Extends Revolving Credit: Peabody Energy (BTU) extended and upsized its revolving credit to $400M, maturity June 30, 2030, lowered margins to SOFR+3.25–4.00% (or base+2.25–3.00%), boosting liquidity.
- BTU Misled On Centurion Ramp: Lawsuit says Peabody Energy (BTU) misled on Centurion mine ramp-up. March 30, 2026: cut Q1 output guidance by 450k tons. May 5, 2026: missed ramp-up; lowered full-year met/thermal guidance.
- BTU Names Bryan Quinn President: Peabody Energy (BTU) names Bryan Quinn President of Global Operations effective Aug 1, 2026. Based in Brisbane, reporting to the COO, Quinn brings 30+ years in mining and major mine ops.
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