September 23, 2017 2:53 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Foresight Energy LLC

Company Overview

Foresight Energy LLC mines and produces thermal coal with reserves in the Illinois Basin. The company transports its products through various modes of transportation, such as rail, barge, and truck modes of transportation. It serves electric utilities and industrial customers in the United States and internationally. The company was founded in 2006 and is based in St. Louis, Missouri. Foresight Energy LLC operates as a subsidiary of Foresight Energy LP.

211 North Broadway

One Metropolitan Square

Suite 2600

St. Louis, MO 63102

United States

Founded in 2006

Phone:

314-932-6160

Fax:

314-932-6161

Key Executives for Foresight Energy LLC

Foresight Energy LLC does not have any Key Executives recorded.

Foresight Energy LLC Key Developments

Foresight Energy LP, Foresight Energy LLC and Foresight Energy Finance Corp. Complete Refinancing its Existing Debt

Foresight Energy LP, along with its wholly owned subsidiaries Foresight Energy LLC and Foresight Energy Finance Corp., completed refinancing its existing debt. Foresight refinanced its second-lien senior secured PIK notes due 2021, second-lien senior secured exchangeable PIK notes due 2017, as well as its revolving credit facility and a term loan. The issuers used a new debt financing, comprising $425 million aggregate principal amount of new senior secured second-priority notes due 2023 and borrowings under new senior secured first-priority credit facilities, including a new $825.0 million term loan, and a new $170.0 million revolving credit facility. It also used proceeds from Murray Energy Corp.'s investment and cash on hand.

Foresight Energy LLC and Foresight Energy Finance Corporation Announce Pricing of Second Lien Senior Secured Notes Private Offering

Foresight Energy LP that its wholly owned subsidiaries, Foresight Energy LLC and Foresight Energy Finance Corporation have priced their previously announced offering of 11.5% Second Lien Senior Secured Notes due 2023, in an aggregate principal amount of $450 million. The aggregate size of the offering reflects a decrease of $75 million from the previously announced offering size, and the maturity date reflects a one-year reduction in the previously announced maturity. The Notes will be guaranteed by the wholly-owned domestic restricted subsidiaries of the Company that guarantee the Credit Facilities. The Offering of the Notes is expected to close on or about March 28, 2017, subject to certain closing conditions. In addition to the Notes, the Company also announced that it has agreed to terms on an $825 million senior secured first-priority five-year term loan, representing an increase of $75 million from the previously announced size, and a $170 million senior secured first-priority four-year revolving credit facility.

Foresight Energy LLC and Foresight Energy Finance Corporation Announces Launch of $500 Million Second Lien Senior Secured Notes Private Offering

Foresight Energy LP announced the commencement of a private offering of $500 million aggregate principal amount of second lien senior secured notes due 2024 to be issued by Foresight Energy LLC and Foresight Energy Finance Corporation. The Issuers intend to use the net proceeds of the Offering of the New Notes, together with the net proceeds from a series of related transactions, to refinance the following indebtedness: the Issuers’ Second Lien Senior Secured PIK Notes due 2021, including accrued and unpaid interest thereon; the Issuers’ Second Lien Senior Secured Exchangeable PIK Notes due 2017, including accrued and unpaid interest thereon; and the company’s outstanding credit facilities, including the revolving credit facility and the term loan, including, in each case, accrued and unpaid interest thereon. The offering will be made solely by means of a private placement either to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, or outside the United States, only to non-U.S. investors pursuant to Regulation S of the Securities Act.

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