ST. LOUIS, November 8, 2022 /PRNewswire/ — Wholly owned subsidiary of Peabody (NYSE: BTU), PIC AU Holdings LLC, a Delaware limited liability company (the “Main transmitter“), and PIC AU Holdings Corporation, a Delaware company (with the main issuer, the “Co-Issuers“), today announced that they have increased the aggregate principal amount (the “Term Loan Offering Amount”) of their previously announced offering (the “Term Loan Offering”) for the purchase of their 10.000% senior secured term loan due 2024 (the “Term Loan Offer Amount”) at a weighted average purchase price of 105.91% of par, pursuant to the credit agreement dated January 29, 2021among the Co-Issuers, as Co-Borrowers, Lenders who are parties thereto from time to time and Wilmington Trust, National Association (as successor to JPMorgan Chase Bank, NA), as Administrative Agent, which governs the term loan (the “Accord Credit”) up to any and all of the $114,613,206.92 total term loan principal amount outstanding against the previously announced term loan offer amount.
On September 19, 2022the Co-Issuers (i) bought back approximately $20.4 million aggregate principal amount of the term loan at a weighted average purchase price of 105.91% of par, pursuant to the credit agreement, and (ii) announced the cash offer to purchase (the “note offer “) $81,500,000 the unpaid principal amount of their 10.000% Senior Secured Notes due 2024 (the “Notes”), at a purchase price equal to 105.91% of the principal amount of the Notes repurchased under the offer of Notes, plus accrued and unpaid interest, if any, up to but excluding the settlement date of the Bond Offer. On October 27, 2022the note offering and the separate term loan offering have been extended to remain open until 5:00 p.m., New York City It’s time November 18, 2022 (the “Expiration Period”). The Note Offer is not conditional upon the separate Term Loan Offer.
Submitted Notes may be validly withdrawn at any time prior to the Expiry Time, unless terminated earlier by the Co-Issuers. From 5:00 p.m., New York City It’s time November 8, 2022, $64,119,000.00 the full principal amount of the Notes had been validly tendered and not validly withdrawn. The Bonds Offer is made on the terms and subject to the conditions set forth in the Co-Issuer’s Tender Offer, dated September 19, 2022 (as amended, the “Bid“). The terms of the Securities Offer as described in the Tender Offer remain unchanged.
This announcement is not an offer to buy or sell, or a solicitation of an offer to buy or sell, securities in any jurisdiction in which the manufacture or acceptance thereof would not be compliant with securities, blue sky or other laws of those jurisdictions.
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