PE-backed Foresight Energy debt revamp prompts S&P to lift outlook

Foresight Energy, Carlyle Group, Riverstone Holdings, Murray Energy, private equity, mining coal, debt
Bucket wheel of a large bucket wheel excavator in a coal mine. Photo courtesy baranozdemir/iStock/Getty Images
  • Foresight is major holder of U.S. coal reserves
  • Debt revamp will defer payments on principal
  • S&P sees improved debt-to-EBITDA multiple, lifts outlook
Foresight Energy LP’s debt revamp and an equity infusion prompted S&P Global Ratings to upgrade the St. Louis coal producer’s outlook. Foresight, one of the largest holders of coal reserves in the U.S., is backed by Carlyle Group and Riverstone. A ...

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