Foresight Energy LP (fka FELPQ)

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Next week this moves

The forbearance agreement is a sign of financial trouble but doesn’t necessarily mean bankruptcy is imminent, said Taylor Kuykendall, energy reporter for S&P Global Market Intelligence. He said the company has other options for financial relief, including refinancing, outside bankruptcy."

By Brad McElhinny in News

October 03, 2019 at 10:24AM


“This is the third largest coal company in the U.S. and if they were to file for bankruptcy they would be among the last largest companies to do so,” he said. “If Murray can’t make it, that would be huge.”


The forbearance agreements are expected to allow Murray Energy to continue discussions with its lenders about various strategic options to strengthen the Company’s business, improve its liquidity position, deleverage its balance sheet, and achieve a more sustainable capital structure that supports the Company’s long-term business plan and results in long-term value generation for the benefit of its employees, customers, vendors and other key stakeholders,” the company stated.


http://wvmetronews.com/2019/10/03/murray-energy-announces-temporary-debt-relief-signaling-financial-distress/