Foresight Energy to launch new credit facility on Tuesday afternoon

By Sara Rosenberg

New York, Aug. 2 - Foresight Energy LLC is scheduled to hold a bank meeting at 2 p.m. ET in New York on Tuesday to launch a new senior secured credit facility, according to a market source.

Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the lead banks on the deal.

Proceeds will be used to help fund a tender offer for the company's $600 million 9 5/8% senior notes due 2017.

The tender offer expires on Aug. 19.

Foresight is a St. Louis-based producer of thermal coal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.