Foresight Energy 7 7/8% notes forbearance extended through April 22

By Caroline Salls

Pittsburgh, April 15 – Foresight Energy LP and Foresight Energy Finance Corp. again extended the term of the forbearance agreements with some holders of their 7 7/8% senior notes due 2021, according to an 8-K filed Friday with the Securities and Exchange Commission.

In addition, Foresight Energy LP and Foresight Receivables LLC extended the term of a forbearance agreement with lenders under Foresight Receivables’ receivables financing agreement.

As a result of the extensions, the notes forbearance period now runs through April 22, and the lender forbearance runs through July 15.

The company said the extensions are intended to provide more time for discussions and negotiations with the noteholders and Foresight’s secured lenders.

Foresight is a coal producer based in St. Louis.

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