Foresight Energy LP Announces Receipt of Requisite Consents and Extension of Consent Solicitation
02 April 2015 - 1:22PM
Business Wire
Foresight Energy LP (together with its direct and indirect
subsidiaries, collectively, “we”, “us”, “the Partnership” or
“Foresight Energy”) previously announced that its wholly owned
subsidiaries, Foresight Energy LLC and Foresight Energy Finance
Corporation (collectively, the “Issuers”), commenced a consent
solicitation with respect to their outstanding 7.875% senior notes
due 2021 (the “Notes”) to approve amendments (the “Proposed
Amendments”) to the indenture (the “Indenture”) relating to the
Notes on the terms and subject to the conditions set forth in the
Issuers’ consent solicitation statement, dated March 30, 2015, and
the accompanying consent letter, dated March 30, 2015 (together,
the “Consent Solicitation Documents”).
On April 1, 2015, holders of in excess of a majority of the
outstanding aggregate principal amount of the Notes had consented
to the Proposed Amendments to the Indenture governing the Notes. In
connection with receiving the requisite consents, the Issuers and
The Bank of New York Mellon Trust Company executed a supplemental
indenture (the “Supplemental Indenture”), dated April 1, 2015, with
respect to the Indenture implementing the Proposed Amendments
described in the Consent Solicitation Documents. The Supplemental
Indenture and the Proposed Amendments became effective upon
execution. The consent solicitation and the continued effectiveness
of the Supplemental Indenture and the Proposed Amendments are
subject to the satisfaction or waiver of certain conditions that
are more fully described in the Consent Solicitation Documents. In
accordance with the terms of the Consent Solicitation Documents,
consents may no longer be validly revoked.
Foresight Energy today also announced that it has extended the
expiration date for its consent solicitation seeking the Proposed
Amendments to the Indenture. Holders wishing to deliver their
consents will now have until 5:00 p.m., New York Time, on April 6,
2015. The other terms and conditions of the consent solicitation
remain unchanged. As described above, the Supplemental Indenture
became effective as of April 1, 2015, and in accordance with the
terms of the Consent Solicitation Documents, consents may no longer
be validly revoked.
Safe Harbor Provisions Regarding Forward-Looking
Statements
This press release contains “forward-looking” statements within
the meaning of the federal securities laws. These statements
contain words such as “possible,” “intend,” “will,” “if” and
“expect” and can be impacted by numerous factors, including risks
relating to the securities markets generally, the impact of adverse
market conditions affecting business of the Partnership, adverse
changes in laws including with respect to tax and regulatory
matters and other risks. There can be no assurance that actual
results will not differ from those expected by management of the
Partnership. The Partnership undertakes no obligation to update or
revise such forward-looking statements to reflect events or
circumstances that occur, or which Foresight Energy becomes aware
of, after the date hereof.
About Foresight Energy LP
Foresight Energy is a leading coal producer in the Illinois
Basin region of the United States with over three billion tons of
coal reserves currently supporting four mining complexes. Our
logistics give each of these mining complexes multiple modes of
transportation to reach the end-users of our coal, including rail,
barge and truck. We serve both the domestic and international
markets.
Foresight Energy LPOscar A. Martinez, 314-932-6152Senior Vice
President & Chief Financial
Officerinvestor.relations@foresight.com