Peabody Energy Prices Secondary Offering

Peabody Energy said Friday the underwritten secondary offering of 12.8 million shares of Peabody’s common stock has been priced. Peabody has agreed to repurchase from the underwriter a number of these shares having an aggregate value of approximately $40 million. The selling stockholders will receive all of the net proceeds from the offering. Peabody is not offering any shares of common stock in the offering and will not receive any proceeds from the sale of shares in the offering. In addition, none of Peabody’s officers or directors are selling any shares of common stock beneficially owned by them in the offering.

Peabody’s per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriter to the selling stockholders. Peabody expects to fund the share repurchase with cash on hand.

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