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Foresight Energy opts to defer interest payment on senior notes

Foresight Energy LP subsidiaries opted to use a 30-day grace period to defer interest payment on their 11.50% second lien senior secured notes due 2023, according to a Form 8-K filed Oct. 1.

This gives Foresight Energy LLC and Foresight Energy Finance Corp. more time to make the approximately $24.4 million interest payment without triggering an event of default.

The partnership said it plans to evaluate options during the grace period.