Peabody Energy Chapter 11 Protection Information
Call Center Information
Chapter 11 FAQs
Plan Solicitation Process & Q&A
In a major step to strengthen its liquidity and reduce debt amid an unprecedented industry downturn, Peabody Energy voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court for the Eastern District of Missouri 1 on April 13, 2016.
Through this process, the company intends to reduce its overall debt level, lower fixed charges, improve operating cash flow and position the company for long-term success, while continuing to operate under the protection of the court process.
All of the company’s mines and offices are continuing to operate in the ordinary course of business and are expected to continue doing so for the duration of the process. No Australian entities are included in the filings, and Australian operations are continuing as usual.
As required under New York Stock Exchange regulations, trading in shares of the company stock on the NYSE has been suspended.
Throughout this process, Peabody will continue to be guided by our mission and values that include safety, customer focus, leadership, people, excellence, integrity and sustainability. This process does not change Peabody’s approach toward best practices in mining and its focus on sustainability to create high-quality land restoration for generations that follow.
1. Including the following international entity: Peabody Holdings (Gibraltar) LTD.