Pic au holdings llc and pic au holdings corporation, wholly-owned subsidiaries of peabody, announce an upsize of their previously announced offer to purchase their 10.000% senior secured notes due 2024 to $90 million aggregate principal amount, a related

St. louis , june 27, 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 they have (1) increased the aggregate principal amount (the "offer amount") of their previously announced offer to purchase for cash (the "offer") their 10.000% senior secured notes due 2024 (the "notes"), at a purchase price equal to 103.91% of the principal amount of the notes repurchased in the offer, plus accrued and unpaid interest, if any, to, but excluding, the settlement date for the offer, to up to $90 million from the previously announced offer amount of $50.0 million, and (2) extended the expiration date of the offer to 5:00 p.m., new york city time, on july 21, 2022 (as the same may be further extended, the "expiration time").
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