Simpson Thacher Represents Peabody Energy Corporation in $2 Billion Credit Facility
06.24.10
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The Firm recently represented Peabody Energy Corporation (Peabody) in a new five-year senior unsecured credit facility led by Bank of America Securities LLC, Citigroup Global Markets, Inc. and HSBC Securities (USA) Inc. The new facility includes a $1.5 billion revolver and a $500 million term loan and replaced Peabody’s prior credit facility. Upon certain customary conditions being met, $350 million of the revolver will be available to Peabody Holland, B.V., a Dutch subsidiary of Peabody.
The Simpson Thacher team included Marissa Wesely, Matthew Einbinder, Moiz Ali and summer associate Lindsay Thomas (Banking and Credit), Amie Broder (Tax), Adeeb Fadil (Environmental) and Susan Kaufman (Executive Compensation and Employee Benefits). Paralegal Allison Nichols provided invaluable assistance.