TRLPC: Peabody's secondary loan pricing steady despite restructuring reports
August 27, 2015 at 13:20 PM EDT
NEW YORK, August 27 (Reuters) - US coal producer Peabody Energy's US$1.2bn term loan traded unchanged at around 73-74 percent of face value in the US secondary loan market, loan traders said on Thursday, following press reports that the struggling company has hired Lazard Ltd to help to restructure its debt amid plunging commodity prices.