Peabody Energy to Redeem Outstanding 2028 Convertible Senior Notes

05:07 PM EDT, 09/16/2026 (MT Newswires) -- Peabody Energy (BTU) said Wednesday it will redeem all outstanding 3.250% convertible senior notes due 2028 on Nov. 18 at their full principal amount plus accrued and unpaid interest. Noteholders have until Nov. 16 to convert their holdings at an increased rate of 54.928 shares of common stock per $1,000 principal amount, the company said. The company expects holders of substantially all of the notes to convert their notes before the deadline and will settle all conversions entirely in cash, Peabody added.