Peabody Holds Off Private Debt Refinancing of $2.1 Billion Loan

Coal mining company Peabody Energy Corp. has held off seeking a $500 million private debt, which would help refinance an acquisition loan after the planned deal was put under review, according to people familiar with the matter.

Financial firm Jefferies Group LLC earlier this year was marketing the new loan — which would partially refinance a $2.1 billion bridge facility backing Peabody’s takeover of Anglo American Plc’s steel-making coal business — to regional private credit firms, said the people, who asked not to be named discussing private matters. The US miner was also said to be planning a $800 ...