Foresight Energy LP (FELP) Announces Completion of Restructuring
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Foresight Energy LP Completes Global Restructuring
August 30, 2016 5:15 PM EDTST. LOUIS--(BUSINESS WIRE)-- On August 30, 2016 Foresight Energy LP (NYSE: FELP) (FELP, and along with its consolidated subsidiaries, the Partnership) completed an out-of-court restructuring of more than $1.4 billion in indebtedness pursuant to the terms of Transaction Support Agreements previously executed by the Partnership, Foresight Energy GP LLC (FEGP), the Partnerships equity sponsors, including Mr. Christopher Cline, Murray Energy Corp. (Murray Energy), Foresight Reserves LP (Reserves), and a majority of the Partnerships secured bank lenders and holders... More