Peabody Energy Pre-Pays $75 Mln in Loans; Shares Flat After Hours

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Peabody Energy ( BTU ) has voluntarily prepaid $75 million of term-loan borrowings, bringing year to date debt repayments to more than $380 million.

The company also has amended its 2010 credit facility and 2011 term loan facility to increase financial flexibility by temporarily expanding its maximum leverage ratio covenant through 2014. The covenant ratio has been expanded to accommodate the effects of any near-term market challenges based on macro-economic conditions.

BTU shares are flat at $25.40 after hours in a 52-week range of $18.78 - $39.74.

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This article appears in: Investing , Commodities

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