New York, March 16, 2015 -- Moody's today placed all ratings of Foresight Energy LLC (Foresight), a company 100% owned by Foresight Energy LP, on review for upgrade, including the corporate family rating (CFR) of B2, senior secured rating of Ba3 and senior unsecured rating of Caa1. The review was prompted by the company's March 15, 2015 announcement that entered a definitive agreement for a transaction whereby Murray Energy Corporation (Murray) will acquire a controlling interest in Foresight Energy LP and Foresight Energy GP LLC. Following the closing, Murray will hold roughly 80% of general partner and 50% of limited partner interests in Foresight Energy. In turn, Mr. Christopher Cline, the founder of Foresight, will retain an approximately 20% general partner interest and an approximately 36% limited partner interest. If the review results in an upgrade, Moody's expects the potential movement in the CFR to be no more than one notch (to B1 from B2).
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