Pic au holdings llc and pic au holdings corporation, wholly-owned subsidiaries of peabody, announce repurchase of $50 million of term loan debt, and offer to purchase up to an additional $50 million of 10.000% senior secured notes due 2024

St. louis , may 26, 2022 /prnewswire/ -- wholly–owned subsidiaries of peabody (nyse: btu), pic au holdings llc, a delaware limited liability company (the "main issuer"), and pic au holdings corporation, a delaware corporation (together with the main issuer, the "co–issuers"), today announced that the co-issuers successfully completed the repurchase of $50.0 million aggregate principal amount of the co-issuers' 10.000% senior secured term loan due 2024 at a weighted average purchase price of 103.91% of par, in accordance with the credit agreement, dated january 29, 2021, among the co-issuers, as co-borrowers, the lenders party thereto from time to time and wilmington trust, national association (as successor to jpmorgan chase bank, n.a.), as administrative agent, which governs the term loans.
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