Foresight Energy extends 7 7/8% notes forbearance until May 20

By Susanna Moon

Chicago, May 18 – Foresight Energy LLC and Foresight Energy Finance Corp. once more extended the term of a forbearance agreement with consenting holders of their 7 7/8% senior notes due 2021, according to an 8-K filed Friday with the Securities and Exchange Commission.

As a result of the extension, Foresight said the forbearance period runs through May 20. The forbearance has been extended several times.

The extensions are intended to provide more time to engage in discussions and negotiations with the noteholders and Foresight’s secured lenders, the company has noted.

Foresight is a coal producer based in St. Louis.

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