Foresight gets $110 million additional commitments, incremental loans

By Marisa Wong

Madison, Wis., June 2 – Foresight Energy LLC, a wholly owned subsidiary of Foresight Energy LP, amended its second amended and restated credit agreement dated Aug. 23, 2013 for $50 million of additional revolving facility commitments and $60 million of incremental term loans, according to an 8-K filing with the Securities and Exchange Commission.

The additional revolving commitments and the incremental term loans have the same terms as those for the credit agreement’s existing revolving credit commitments and existing term loans, respectively.

Proceeds from the incremental term loans were used for working capital and other general corporate purposes.

Foresight entered into the incremental amendment on May 27.

Citibank, NA is the administrative agent.

Foresight is a coal producer based in St. Louis.

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