Foresight Energy starts roadshow for $400 million seven-year notes

By Paul A. Harris

St. Louis, Aug. 2 - Foresight Energy LLC began a roadshow on Monday for its $400 million offering of seven-year senior unsecured notes (expected ratings Caa1/B-), according to an informed source.

The roadshow wraps up on Thursday, and the deal is expected to price on Friday.

Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank and Credit Agricole CIB are the joint bookrunners for the Rule 144A for life offering.

The notes come with four years of call protection.

The Larkspur, Calif.-based renewable energy company will use the proceeds to repay debt.

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