St. Louis coal producer seeks more time for bondholder talks

St. Louis-based coal producer Foresight Energy LP has asked bondholders for more time to negotiate after missing an interest payment and starting restructuring talks, the Wall Street Journal reported Friday. The company gave bondholders until Thursday to decide whether to grant the extension.

Foresight in October missed an interest payment of $24.4 million, electing to exercise a 30-day grace period to avoid triggering a default. The company wants the grace period extended until the end of…

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