Peabody Energy greenshoe lifts 4.75% convertibles to $732.5 million

By Lisa Kerner

Charlotte, N.C., Dec. 20 - Peabody Energy Corp. said the underwriters of its 4.75% convertible junior subordinated debentures exercised their $57.5 million of their $75 million over-allotment option, raising the 60-year issue to $732.5 million, according to an 8-K filing with the Securities and Exchange Commission.

The company originally priced an upsized $675 million offering at a coupon of 4.75% with an initial conversion premium of 40% and conversion price of $61.95 on Dec. 14.

Bookrunners were Morgan Stanley, Lehman Brothers and Citigroup.

Peabody is a coal company based in St. Louis.

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