Shares of St. Louis-based coal firm Peabody Energy fell more than 9% Friday, to $15.45 a share, after it said Thursday that it was abandoning cash tender offers to buy back debt.
The company said “at this particular time, the debt markets do not accommodate a path toward completing the offers and achieving the company’s refinancing objectives in an economic fashion.”
Peabody also said this week that it completed an upsizing of its revolving credit facility to allow for a proposed joint venture…



