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Peabody pays bankruptcy financing package early


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Peabody pays bankruptcy financing package early

Peabody Energy Corp. disclosed it paid its debtor-in-possession financing package early as the company nears emergence from bankruptcy.

Peabody received approval for early payment from the U.S. Bankruptcy Court for the Eastern District of Missouri on Dec. 14. The company paid its bankruptcy financing package in full the next day.

The company recently disclosed that it amended agreements setting a Dec. 21 deadline for filing its plan of reorganization.