06:25 AM EST, 11/26/2024 (MT Newswires) -- Peabody Energy ( BTU ) said in a Monday filing that it entered an agreement for a bridge loan facility with multiple lenders to provide up to $2.08 billion to partly finance the company's acquisition of Anglo American's coal assets in Australia.

The company said that borrowings under the facility will mature 364 days from the initial funding date, which will be on or around the closing date of the acquisition. The acquisition is expected to close in the first half of 2025.