Foresight Energy to pay down revolver with senior notes sale proceeds

By Sara Rosenberg

New York, Oct. 24 - Foresight Energy LLC plans to repay revolving credit facility debt with about $50 million of proceeds from a $200 million add-on to its 9 5/8% senior notes, according to a market source.

Remaining proceeds will be used to fund a dividend.

Foresight Energy is a Palm Beach Gardens, Fla.-based coal company.

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