Quantcast
The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Peabody Puts $2.75B on HY Market

The company will use the proceeds to help finance its $4.9 billion acquisition of Macarthur Coal

Peabody Energy Inc. is on the junk bond market with $2.75 billion, the St. Louis, Mo.-based company said today.

The coal company plans to sell the bonds in tranches of senior notes due 2018 and 2021.

Lead bookrunner Bank of America Merrill Lynch is joined by Citigroup, HSBC, Morgan Stanley, RBS and UBS. The bonds will likely price Tuesday, according to KDP Investment Advisors.

The company will use the proceeds to finance its acquisition of Macarthur Coal Ltd. in a deal that has a total value of $4.9 billion. It will use any remaining proceeds to repay revolver debt or for general corporate purposes.

Peabody was on the market last year and issued $650 million in senior notes due 2020 in August 2010.

 

For more information on related topics, visit the following: