GILLETTE, Wyo. — Leading coal producer Peabody subsidiaries PIC AU Holdings LLC and PIC AU Holdings Corp. announced today that they’ve extended their offer to purchase for cash the outstanding principal amount of their 10.000% Senior Secured Notes due 2024.

Per $1,000 principal amount of notes validly tendered, note holders will receive $1,059.10 in cash, plus accrued and unpaid interest as set forth in the Indenture, to, but excluding, the settlement date for the Offer. The settlement date for the offer is expected to be Nov. 22. The offer is good until 3 p.m. Nov. 18, unless terminated earlier, the release said.

Tender notes can be withdrawn before that time unless earlier terminated by the co-issuers, Willington Trust, National Association and Peabody.

As of 3 p.m. Oct. 27, $14.1 million aggregate principal amount of notes had been validly tendered and not withdrawn.

Willington Trust, National Association and Peabody on Sept. 19 repurchased about $20.4 million aggregate principal amount of their 10.000% Senior Secured Term Loan due 2024 at a weighted average purchase price of 105.91% of par.