Simpson Thacher Represents Peabody Energy Corporation in $650 Million Debt Offering
09.02.10
This is only gets display when printing
Simpson Thacher represented Peabody Energy Corporation in the offering of $650 million aggregate principal amount of its 6-1/2% Senior Notes due 2020. The proceeds of the offering were used to purchase for cash any and all of its outstanding 6-7/8% senior notes due 2013 that were validly tendered pursuant to a tender offer launched on August 11, 2010.
Peabody Energy is the world's largest private-sector coal company and a global leader in clean coal solutions. With 2009 sales of 244 million tons and $6 billion in revenues, Peabody fuels 10% of U.S. power and 2% of worldwide electricity.
The Simpson Thacher team for the transaction included Risë Norman, Rafael Berckholtz, Kate Renaud and Yu Wang (Capital Markets); Amie Broder and Andrew Purcell (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Jeanne Annarumma and Doug Tang (Executive Compensation and Employee Benefits); and Scott Dyer (Labor). Valuable assistance was also provided by Desiree Wiggins.