Peabody terminates surety agreement, establishes new bonding facilities
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Peabody Announces New Surety Arrangements in the U.S. and Australia
June 15, 2026 6:50 AM EDTST. LOUIS, June 15, 2026 /PRNewswire/ -- Peabody (NYSE: BTU) today announced that it has terminated the 2020 Transaction Support Agreement (as amended) with its surety providers and entered standard indemnification agreements to support its U.S. reclamation obligations. The company also has established asset-backed surety facilities to support its Australian reclamation obligations, replacing cash-backed bank guarantees and cash deposited directly with regulatory authorities.
Combined, these transactions are... More
