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.
