** Coal producer Peabody Energy's BTU.N shares down 1.3% to $28.71 early Fri after securing capital raise

** St. Louis, Missouri-based firm late Thursday announced pricing private offering of $225 mln 0.5% convertible bonds (CBs) due 2031

** Initial conversion price of $38.32 represents 32.5% premium over stock's VWAP (volume average weighted price) of $28.92 on Thursday, co said

** BTU shares jumped 10.5% to close at $29.10 on Thurs after co unveiled the offering to repurchase a portion of $320 mln outstanding 3.25% CBs due 2028

** Co plans to use approx $15 mln to fund cost of capped calls; initial cap price of $50.61 is 75% above stock's Thursday VWAP

** BTU shares now down ~3% YTD, including ~8% gain in May

** Earlier this month, BTU posted Q1 net loss of $32.4 mln, while analysts had expected profit of $12 mln, per LSEG, as commissioning delays at its Centurion mine weighed on results

** 5 of 7 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $34, per LSEG data