Foresight Energy issues call for all second-lien PIK notes due 2017

By Wendy Van Sickle

Columbus, Ohio, March 20 – Foresight Energy LLC and Foresight Energy Finance Corp. issued a conditional call to redeem all of their senior secured second-lien PIK notes due 2017 on March 28, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be par plus accrued interest to, but excluding, the redemption date.

Wilmington Trust, NA is the trustee.

The redemption is conditioned upon Foresight’s completion of an offering of senior secured debt securities and closing of Foresight Energy LLC’s senior secured first-priority credit facilities on or prior to the redemption date.

Foresight is a coal producer based in St. Louis.

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