NYSE:BTUOil and Gas
Peabody Energy (BTU) On Fresh Surety Bond Backing And A Fair Value Debate
Peabody Energy (BTU) has drawn fresh attention after its Australian subsidiaries arranged A$700 million in surety bond facilities. The company is shifting away from fully cash collateralized programs and has updated a revolving credit facility to support the new structure.
See our latest analysis for Peabody Energy.
Despite the improved liquidity from these Australian surety bond facilities, Peabody Energy’s short term momentum has cooled, with the share price down 13.09% over 30 days and...