13D Filing: Discovery Capital Management and Peabody Energy Corp (BTU)

CUSIP No.

704551100

Item 1.

Security and Issuer.

The name of the issuer is Peabody Energy Corporation, a Delaware corporation (the “Issuer”).  The address of the Issuer’s principal executive offices is 701 Market Street, St. Louis, Missouri 63101-1826.  This Schedule 13D relates to the Issuer’s Common Stock, $0.01 par value (the “Shares”).

Item 2.

Identity and Background.

(a), (f)

This Schedule 13D is being filed jointly by (i) Discovery Capital Management, LLC, a Connecticut limited liability company (“Discovery”), (ii) Robert K. Citrone, a United States citizen, (iii) Discovery Global Opportunity Partners, LP, a Delaware limited partnership (“DGOP”), (iv) Discovery Global Focus Master Fund, Ltd., a Cayman Islands exempted company (“DGF”), and (v) Discovery Global Opportunity Fund, Ltd., a Cayman Islands exempted company (“DGOF” and collectively with Discovery, Mr. Citrone, DGOP and DGF, the “Reporting Persons”).

(b)

The principal business address for each of the Reporting Persons is 20 Marshall Street, Suite 310, South Norwalk, Connecticut 06854.

(c)

Robert K. Citrone is the managing member of Discovery.  Discovery is the general partner of DGOP and the investment manager of DGF and DGOF.  Each of DGOP, DGF and DGOF is a private investment fund.  The principal business of the Discovery is serving as an investment adviser to its clients.

(d), (e)

During the last five years, none of the Reporting Persons has been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.  The Reporting Persons disclaim membership in a group.  See Item 4 below.

Item 3.

Source and Amount of Funds or Other Consideration.

On April 3, 2017, the Reporting Persons acquired the Shares in connection with the Debtors’ Second Amended Joint Plan of Reorganization of Debtors and Debtors in Possession as revised March 15, 2017.  The funds for the purchase of the instruments that resulted in the issuance of the Shares came from the working capital of DGOP, DGF, DGOF and Discovery’s other clients, over which Discovery and Mr. Citrone, through their roles described above in Item 2(c), exercise investment discretion.  No borrowed funds were used to purchase such interests, other than borrowed funds used for working capital purposes in the ordinary course of business.