Foresight Energy and the owners of about $600 million of its unsecured bonds agreed to extend negotiations to restructure debt through Monday.
In December, a court ruling found that Ohio-based Murray Energy’s purchase of a large state in Foresight gave Foresight creditors the right to early repayment. Lenders who own another $675 million in Foresight debt also say the ruling gives them the right to repayment.
Creditors’ demands are forcing the St. Louis-based coal miner to reach a deal by the end of the forbearance period.
Read more: St. Louis Post-Dispatch