Peabody Announces Amended And Restated Transaction Support Agreement And Supplement To Offering Memorandum

ST. LOUIS, MO - Peabody has entered into an amended and restated Transaction Support Agreement with certain of its subsidiaries, each of the revolving lenders under Peabody's credit agreement, the administrative agent under Peabody's credit agreement, and certain holders, or investment advisors, sub-advisors, or managers of discretionary accounts that hold approximately 65 percent of its outstanding 6.000% senior secured notes due 2022.

The Amended and Restated Transaction Support Agreement amends and restates the previously announced Transaction Support Agreement in which the same parties agreed, among other things, to effectuate the previously announced exchange offer and consent solicitation.  Under the Transaction Support Agreement, the parties agreed to endeavor to modify the Transaction Support Agreement during a limited period after the Effective Date to remedy errors, ambiguities or inconsistencies. To that end, the Amended and Restated Transaction Support Agreement clarifies certain provisions detailed in the term sheet and descriptions of notes attached as exhibits to the Transaction Support Agreement.  There have been no changes to the consideration offered or the other terms and conditions of the exchange offer and consent solicitation.

In addition, Peabody issued a supplement to amend the Confidential Offering Memorandum and Consent Solicitation Statement relating to the exchange offer and consent solicitation.  Among other things, Supplement No. 1 updates the Offering Memorandum for the amendments described in the Amended and Restated Transaction Support Agreement.