Author Topic: FELP - Foresight Energy  (Read 198246 times)

sampr01

  • Full Member
  • ***
  • Posts: 211
Re: FELP - Foresight Energy
« Reply #940 on: February 12, 2018, 08:06:42 AM »
Self registration to sell up to approximately $1.2 billion of certain types of securities.. Cline want to exit now..

http://www.snl.com/Cache/c392145952.html


heth247

  • Sr. Member
  • ****
  • Posts: 435
Re: FELP - Foresight Energy
« Reply #941 on: February 12, 2018, 09:23:39 AM »
Self registration to sell up to approximately $1.2 billion of certain types of securities.. Cline want to exit now..

http://www.snl.com/Cache/c392145952.html

So does this mean that they are going to raise equity soon to get the leverage ratio down? I cannot imagine Cline exit at the price of 2X EBITDA... 

gadfly

  • Newbie
  • *
  • Posts: 46
Re: FELP - Foresight Energy
« Reply #942 on: February 12, 2018, 05:18:35 PM »
I believe this was a renewal of an older shelf registration. I don't think it means selling by major holders is imminent. 

heth247

  • Sr. Member
  • ****
  • Posts: 435
Re: FELP - Foresight Energy
« Reply #943 on: February 12, 2018, 07:41:34 PM »
I believe this was a renewal of an older shelf registration. I don't think it means selling by major holders is imminent.

Is this kind of shelf registration supposed to be renewed every three years? I thought it is a one-time thing, since they paid like ~$200K for it...
« Last Edit: February 12, 2018, 07:53:15 PM by heth247 »

heth247

  • Sr. Member
  • ****
  • Posts: 435
Re: FELP - Foresight Energy
« Reply #944 on: February 13, 2018, 07:57:07 AM »
Gadfly,

You are right, I have confirmed with IR, see his reply below:

Quote
"The S-3 is similar to the one filed in the 2015.  When we had the adverse court ruling in December of that year we had to remove the S-3.  This is simply reinstating it. "