Peabody secures $2.1bn loan to acquire Anglo American's coal operations

By Yahoo! Finance   |   1 year ago
Peabody secures $2.1bn loan to acquire Anglo American's coal operations

Peabody Energy secures a $2.08bn bridge loan to acquire Anglo American's coal business, with plans to refinance before the deal's closure in 2023. This move showcases a shift towards private credit financing in the mining industry amid changing lender perspectives on certain projects' risks.

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