Apr
18
Foresight Energy Obtains Lender Consent for Debt Restructuring
ByForesight Energy LP reached an agreement with its senior lenders to restructure debt, a deal that may allow the struggling U.S. coal miner to avoid bankruptcy.
The company also convinced two-thirds of the holders of its $600 million of 7.875 percent senior unsecured notes maturing 2021 on a debt exchange, according to a Monday regulatory filing. The pact brings to an end a dispute with investors who claimed Foresight had triggered a clause that required it to repay all of the notes at a premium when it agreed to be partially bought by rival Murray Energy Corp. last year…
Foresight Energy Obtains Lender Consent for Debt Restructuring
