Peabody Secures $2.075 Billion Financing for Acquisition from Anglo American

White & Case LLP, a global law firm, has played a crucial advisory role in arranging $2.075 billion in financing for Peabody Energy Corporation's acquisition of steelmaking coal assets from Anglo American. This acquisition, valued at $3.775 billion, involves major coal mines in Australia's Bowen Basin, renowned for premium steelmaking coal. The financing entails a $2.075 billion bridge facility, soon to be supplanted by Peabody's equity and debt offerings, aimed at funding this strategic acquisition. Peabody's acquisition aligns with its strategy to increase its focus on seaborne metallurgical coal. The deal is slated to conclude in 2025, pending standard closing prerequisites. The advisory team from White & Case was spearheaded by partners Jonathan Michels and Elizabeth Kirk, alongside a team of finance, markets, and tax experts across New York and Melbourne.