10 Oct 2017director interest notice● Neutral
Harrison Jeremy J. became a Foresight Energy LP Principal Financial Officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Sept 2017director interest notice● Neutral
Foresight Energy LP director Hermann Daniel S received 17,523 shares as part of the equity award.
12 Sept 2017director interest notice● Neutral
Foresight Energy LP director Casey G Nicholas Jr. received 18,337 shares as part of the equity award.
25 Aug 2017director interest notice● Neutral
Foresight Energy LP director Sullivan Brian D received 19,685 shares as part of the equity award.
17 Aug 2017director interest notice● Neutral
Foresight Energy LP director Murray Robert Eugene exercised stock options for 224,716 shares and disposed of 61,362 shares.
14 Aug 2017quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $232.4 million and a net loss of $13.6 million for the period ended 2017-09-30.
16 June 2017director interest notice● Neutral
Foresight Energy LP 10%+ owner Cline Christopher disposed of 38,750 shares via option/appreciation-right settlement.
15 May 2017quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $230.4 million and a net loss of $16.3 million for the period ended 2017-03-31.
11 May 2017quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $230.4 million and a net loss of $16.3 million for the period ended 2017-03-31.
7 Apr 2017director interest notice● Neutral
Murray Robert Edward became a Foresight Energy LP director and company insider (initial ownership filing).
30 Mar 2017director interest notice● Neutral
Foresight Energy LP 10%+ owner Holcomb Donald R bought 17,556 shares on the open market at $40.00.
30 Mar 2017substantial holder notice● Neutral
Cline Trust Company LLC, Donald R. Holcomb reported a Foresight Energy LP shareholding of 20,548,355 shares (27.10% of votes) in a periodic institutional filing.
30 Mar 2017substantial holder notice● Neutral
Christopher Cline reported a Foresight Energy LP shareholding of 20,552,766 shares (27.10% of votes) in a periodic institutional filing.
30 Mar 2017director interest notice● Neutral
Holcomb Donald R became a Foresight Energy LP 10%+ owner and company insider (initial ownership filing).
29 Mar 2017capital raising announcement● NeutralMajor
On March 28, 2017 Foresight completed the refinancing of its second-lien PIK notes, exchangeable PIK notes and old bank facilities using $425.0 million of new second-priority notes due 2023, a new $825.0 million term loan, a $170.0 million revolver (undrawn apart from letters of credit), the Murray Investment and cash. Murray Energy bought 9,628,108 new common units for $60.6 million, which repaid the $54.5 million of second-lien notes on March 27. The company then called the remaining second-lien notes for redemption on April 27, 2017 and deposited the cash, discharging them. This resolves the exchangeable-note threat of converting into 75% of the units (the filing says the exchangeable notes were refinanced) and the Feb 24 conditional redemption; the new Murray units dilute existing unitholders (inference).
17 Mar 2017material agreement● NeutralMajor
Foresight priced $425 million of 11.50% second-lien notes due 2023 at 99.25% (smaller and shorter than the $500 million 2024 notes first announced), alongside an $825 million first-priority five-year term loan and a $170 million four-year revolver. Closing was expected around March 28, 2017. Proceeds, plus an equity contribution from Murray Energy and cash on hand, are meant to refinance the PIK notes, the exchangeable PIK notes and the old credit facilities. Foresight also amended its August 2016 letter agreement with Reserves investors and Murray: the Reserves group may take part in the new debt, with a member expected to buy up to $20.0 million of the notes, and the company may not take on other debt outside the refinancing, the existing revolver or the receivables facility.
7 Mar 2017director interest notice● Neutral
Foresight Energy LP director Robert Eugene Murray bought 17,556 shares on the open market.
7 Mar 2017farm in farm out agreement● NeutralMajor
Foresight launched a private offering of $500 million of second-lien senior secured notes due 2024, to help refinance the 2021 second-lien PIK notes, the 2017 exchangeable PIK notes and its existing bank revolver and term loan. This follows the Feb 24 conditional redemption notice. If the deal and related transactions close, Murray Energy is expected to exercise its option to buy a further 46% voting interest in the general partner from Foresight Reserves and Michael Beyer, taking Murray to 80%; Christopher Cline would then leave the GP board, Robert Edward Murray would join it, and Robert D. Moore is expected to become chairman.
1 Mar 2017quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $230.4 million and a net loss of $85.0 million for the period ended 2017-03-31.
24 Feb 2017capital raising announcement● NeutralMajor
On February 24, 2017 Foresight's issuers gave a conditional notice to redeem $54.5 million of the second-lien PIK notes due 2021 at 110% of principal plus accrued interest, targeted for March 27, 2017 (may be delayed). It happens only if an equity offering raises enough cash and a new senior secured debt offering is priced. If completed, $296.2 million of the notes would remain outstanding. The filing does not say how large the equity offering would be or who would buy it.
16 Feb 2017director interest notice● Neutral
Foresight Energy LP 10%+ owner Accipiter Capital Management, LLC sold 200,000 shares at $7.21.
14 Feb 2017substantial holder notice● Neutral
ACCIPITER LIFE SCIENCES FUND, LP, CANDENS CAPITAL, LLC, ACCIPITER CAPITAL MANAGEMENT, LLC, GABE HOFFMAN reported a Foresight Energy LP shareholding of 7,836,251 shares (11.90% of votes) in a periodic institutional filing.
13 Feb 2017quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $230.4 million and a net loss of $85.0 million for the period ended 2017-03-31.
26 Jan 2017director interest notice● Neutral
Foresight Energy LP President & CEO Moore Robert D. received 136,799 shares as part of the equity award.
24 Jan 2017director interest notice● Neutral
Foresight Energy LP 10%+ owner Accipiter Capital Management, LLC sold 13,949 shares.
19 Dec 2016director interest notice● Neutral
Foresight Energy LP director Cline Christopher bought 48,727 shares on the open market.
14 Nov 2016director interest notice● Neutral
Foresight Energy LP 10%+ owner Accipiter Capital Management, LLC sold 577,546 shares.
9 Nov 2016quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $252.9 million and a net loss of $85.0 million for the period ended 2016-12-31.
9 Nov 2016quarterly activities report▼ Bad
Foresight Energy LP reported quarterly revenue of $252.9 million and a net loss of $85.0 million for the period ended 2016-12-31.
16 Sept 2016director interest notice● Neutral
Foresight Energy LP director Casey G Nicholas Jr. received 17,483 shares as part of the equity award.