Foresight Energy completes restructuring

摘要

US coal producer Foresight Energy has completed restructuring agreements on more than $1.4bn in debt. The changes close an eight-month effort to address defaults on previous debt arrangements that was sparked in December when a Delaware Court of Chancery judge sided with holders of the companys 7.875pc senior notes due in 2021 and ruled that Murray Energys purchase of part of Foresight constituted a change of control. That triggered defaults on other security facilities and could have forced Foresight into bankruptcy proceedings.