Foresight extends debt talks through Monday

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


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