Peabody Energy filed with the U.S. Bankruptcy Court a stipulation with Citibank and agreed order regarding the allowed amount of first lien lender claims in connection with the Company’s Plan.
The stipulation notes, “Subject to Confirmation of the Plan and the occurrence of the Effective Date, the First Lien Lender Claims on account of Term Loans shall be Allowed: in the principal amount of $1,162,373,875.64…plus $3,533,782.97 in settlement of any dispute regarding the applicable interest rate and the amount of compounded interest on unpaid interest through April 3, 2017.”
In addition, “Subject to Confirmation of the Plan and the occurrence of the Effective Date, the First Lien Lender Claims on account of Revolving Credit Loans and L/C Obligations shall be Allowed: in the principal amount of $1,555,167,118.21; provided that such amount shall be subject to dollar-for-dollar increase to the extent that any Letters of Credit are drawn prior to the Effective Date (for the avoidance of doubt, the principal amount does not include the letter of credit numbered 69600832 in the amount of $1,358,268.00, which is currently undrawn)… plus $4,771,304.39 in settlement of any dispute regarding the applicable interest rate and the amount of compounded interest on unpaid interest through April 3, 2017.”
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