Peabody Pauses Refinancing Amid Review of Anglo Coal Asset Deal

Peabody Energy has delayed a planned $500 million private debt raise intended to refinance part of a $2.1 billion bridge loan linked to its acquisition of Anglo American’s steelmaking coal assets. The move comes as Peabody reportedly re-evaluates its options regarding the deal. Financial firm Jefferies had been marketing the loan, and an $800 million bond was also being considered to cover the remainder. The refinancing was initially expected before the transaction’s closure in the first half of 2025. The delay signals growing uncertainty around the deal’s timeline or terms, aligning with Peabody’s recent statement that it is reviewing options.