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Simpson Thacher Represents Peabody Energy Corporation in $2.85 Billion Credit Facility

10.02.13

 

The Firm recently represented Peabody Energy Corporation (Peabody) in a new senior secured credit facility led by Citigroup Global Markets, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas Securities Corp., Credit Agricole Corporate and Investment Bank, HSBC Securities (USA) Inc., Morgan Stanley Senior Funding, Inc., PNC Capital Markets LLC and RBS Securities Inc.  The new facility includes a $1.65 billion revolver and a $1.2 billion term loan and replaced Peabody’s existing credit facilities.

 

The Simpson Thacher team included Marissa Wesely, Matthew Einbinder and Matt Farrell (Banking and Credit), Jodi Sackel (Tax), Adeeb Fadil (Environmental) and David Rubinsky (Executive Compensation and Employee Benefits).