FORESIGHT ENERGY LP (NYSE:FELP) Files An 8-K Regulation FD Disclosure


FORESIGHT ENERGY LP (NYSE:FELP) Files An 8-K Regulation FD Disclosure
Item 7.01.

Regulation FD Disclosure

On March 20, 2017, Foresight Energy LLC (“FELLC”) and Foresight Energy Finance Corporation (the “Co-Issuer” and together with FELLC, the “Issuers”) (both wholly owned subsidiaries of Foresight Energy LP (the “Partnership”)) issued a conditional notice of redemption to Wilmington Trust, National Association, as trustee, and American Stock Transfer & Trust Company, LLC, as notes administrator, to the indenture governing their Senior Secured Second Lien Exchangeable PIK Notes due 2017 (the “Notes”) that the Issuers will redeem (the “Redemption”) all of the outstanding Notes on March 28, 2017, as such date may be delayed in the Issuers’ discretion until such time as the Redemption Conditions (as defined below) are satisfied (the “Redemption Date”). The redemption price for the Notes will be 100.000% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date (the “Redemption Price”), in accordance with the provisions of the indenture governing the Notes. The Redemption is conditioned on the closing of (x) the Issuers’ offering of senior secured second-priority debt securities and (y) FELLC’s senior secured first-priority credit facilities on or prior to the Redemption Date (together, the “Redemption Conditions”).  

This Current Report on Form 8-K is not an offer to buy, or a notice of redemption with respect to, the Notes or any other securities.


Certain statements and information in this Current Report on Form 8-K may constitute “forward-looking statements.” The words “propose,” “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “outlook,” “estimate,” “potential,” “continues,” “may,” “will,” “seek,” “approximately,” “predict,” “anticipate,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that the future developments affecting us will be those that we anticipate. All comments concerning the proposed Redemption referenced herein are based on current expectations.

The successful completion of the Redemption is subject to the Redemption Conditions, which are themselves subject to various conditions that are not within the control of the Partnership or its affiliates. There can be no assurances that the Partnership or any of its affiliates will be able to successfully negotiate or implement any of the proposed transactions expected to be entered into in connection with the Redemption, or if they are able to do so, that such negotiation or implementation will be consistent with the terms described herein.

For additional information regarding known material factors that could cause our actual results to differ from those contained in or implied by forward-looking statements, please see the sections entitled “Risk Factors” in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 1, 2017.

You are cautioned not to place undue reliance on forward-looking statements, which are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as required by law.


Foresight Energy LP is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. The Company controls over three billion tons of coal in the state of Illinois. Its reserves consist principally of over three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations. Thermal coal is used by power plants and industrial steam boilers to produce electricity or process steam. The Company operates over four underground mining complexes in the Illinois Basin, including Williamson, which is located in southern Illinois near the town of Marion; Sugar Camp, which is located in southern Illinois approximately 10 miles north of Williamson; Hillsboro, which is located in central Illinois near the town of Hillsboro, and Macoupin, which is located in central Illinois near the town of Carlinville. Williamson, Sugar Camp and Hillsboro are longwall operations, and Macoupin is a continuous miner operation.

FORESIGHT ENERGY LP (NYSE:FELP) Recent Trading Information

FORESIGHT ENERGY LP (NYSE:FELP) closed its last trading session down -0.06 at 6.21 with 48,112 shares trading hands.

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