ST. LOUIS--(BUSINESS WIRE)--Foresight Energy LLC (the “Company”) and Foresight Energy Finance Corporation (the “Co-Issuer” and, together with the Company, the “Issuers”) announced today that, in connection with their previously announced cash tender offer and consent solicitation with respect to any and all of their outstanding $600.0 million aggregate principal amount of 9.625% Senior Notes due 2017 (the “Notes”) on the terms and subject to the conditions set forth in the Issuers’ Offer to Purchase and Consent Solicitation Statement, dated July 23, 2013, together with the related Consent and Letter of Transmittal, dated July 23, 2013 (the “Offer to Purchase”), they are amending the terms of the tender offer to extend the expiration date for the tender offer from 11:59 p.m., New York City time, on August 19, 2013 to 11:59 p.m., New York City time, on August 21, 2013, unless further extended or earlier terminated by the Issuers in their sole discretion.
As of 5:00 p.m., New York City time, on August 19, 2013 holders of $599,999,000.00 aggregate principal amount of the Notes, representing approximately 99.99% of the outstanding aggregate principal amount of the Notes, had validly tendered their Notes, consented to the proposed amendments to the indenture governing the Notes and had not validly withdrawn their Notes or revoked their consents.
Except for the extension of the expiration date as described above, all terms and conditions of the tender offer set forth in the Offer to Purchase remain unchanged.
Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are acting as joint dealer managers and solicitation agents and Global Bondholder Services Corporation is acting as the tender agent and information agent for the tender offer and consent solicitation. Requests for documents may be directed to Global Bondholder Services Corporation at (866) 387-1500 (toll-free) or (212) 430-3774 (collect). Questions regarding the tender offer and consent solicitation may be directed to Morgan Stanley & Co. LLC at (800) 624-1808 (toll-free) or (212) 761-1057 (collect) or Citigroup Global Markets Inc. at (800) 558-3745 (toll-free) or (212) 723-6106 (collect).
This press release is for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell or a solicitation of consents with respect to any securities, and should not be deemed to be an offer to sell or a solicitation of an offer to buy any securities of the Issuers in the proposed refinancing transaction or any other transaction. The tender offer and consent solicitation are only being made pursuant to the terms of the Offer to Purchase. The tender offer and consent solicitation are not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the Issuers, the dealer managers and solicitation agents, the tender agent and information agent, the trustee or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their Notes in the tender offer or deliver their consent to the proposed amendments.
About Foresight Energy
Foresight Energy is a leading producer of thermal coal with over three billion tons of coal reserves in the Illinois Basin. We operate four mining complexes, three of which utilize highly productive longwall mining systems. Our reserves and mines are strategically located near multiple rail and river transportation access points giving us multiple transportation options. Our high productivity, low operating costs and high heat content of our coal enables us to be competitive on a delivered cost per Btu to a wide variety of domestic and international markets.
This press release includes forward-looking statements within the meaning of Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Exchange Act of 1934, as amended. The forward-looking statements contained in this press release include, but are not limited to, statements related to the consummation of the tender offer and consent solicitation, which is subject to, and conditioned on, the satisfaction or waiver of certain conditions, including the successful completion of a proposed refinancing transaction and other customary conditions. There can be no assurance that the refinancing transaction or the tender offer and consent solicitation will ultimately be consummated as described or at all. These statements are based on the Issuers’ estimates and assumptions and on currently available information.
The Issuers’ forward-looking statements include information concerning possible or assumed future results, and the Issuers’ actual results may differ significantly from the results discussed. Forward-looking information is intended to reflect opinions as of the date this press release was issued. The Issuers undertake no duty to update any forward-looking statements to conform the statements to actual results or changes in its operations.