Foresight Energy LP (fka FELPQ)

[StockRoomBully]

Folks all the DD point to what coming..

"The plan also would allow superpriority lenders to direct the superpriority agent to form a new entity, "Murray NewCo," to act as a stalking horse bidder on the companies' asset sale and submit an offer. If there are no higher bids on the assets, Murray NewCo would take over the assets."

Holding company as the guarantor from subsidiary
company has the responsibility to pay the debts of debtor to creditor if the debtor experiences default.

Thus, holding company also becomes the debtor in staging agreement.

Holding company which acts as
the guarantor of subsidiary company is responsible to pay after the first debtor’s debts was default and
its properties have been confiscated and auctioned but the result is proven unable to pay the debts, or
the debtor was default with no property.