Replies to post #3818 on Foresight Energy LP (fka FELPQ)

[bababooyah]

?Foresight Energy LP (“Foresight”, “FELP” or the “Company”) faces a number of headwinds in the short-term including:
—Challenging 2020 contractual position—
Near term liquidity challenges—
Current and potential defaults under senior secured credit facilities and secured notes indenture—
Risk associated with a Murray Energy Corporation (“Murray” or “MEC”) restructuring

[SmoothTrader61]

Thank you

[SmoothTrader61]

Do they have 15m extra cash on hand to make the interest payment if they have to or I suppose they are negotiating better terms and a lower amount to stay in compliance with the lender?

I would think the lender would negotiate to get something for now rather than nothing

[sand]

Insightful info thank you

[sorc92]

Thanks sir !! Appreciate it

[FideTrader]

Where was this in the Bankruptcy Filings? (Date, docket#?)