In light of the current conditions and uncertainties, including continuing operational and market challenges and uncertainties regarding the outcome of the litigation and its impact on our liquidity, we are pursuing options to preserve liquidity and it is likely that we will suspend the distribution on our common units, commencing with the quarter ending December 31, 2015. Absent the acceleration of indebtedness and assuming continued lending from our revolving credit facility lenders, we believe we will be able to meet our obligations as they come due.If discussions with the bondholders are unsuccessful, it could result in an adverse judgment being rendered. We would seek to get such order stayed while the order is appealed to the Delaware Supreme Court, but such a stay could require posting of a bond. The ability of the Partnership to post such bond would be dependent upon the size of the bond specified by the judge and the liquidity and resources available to the Partnership at the time. If an adverse judgment is rendered and we are unsuccessful on appeal (or in getting the judgment stayed while we appeal), the obligation to pay the senior notes may be accelerated and we may be in default under our other indebtedness and we will continue to pursue all of our options. In addition, if our revolving credit facility lenders are unwilling to lend us sufficient cash to fund our cash operating costs, we may be unable to fund our existing operations. Forward-Looking Statements This press release contains "forward-looking" statements within the meaning of the federal securities laws. These statements contain words such as "possible," "intend," "will," "if" and "expect" and can be impacted by numerous factors, including risks relating to the securities markets generally, the impact of adverse market conditions affecting business of Foresight, adverse changes in laws including with respect to tax and regulatory matters and other risks. There can be no assurance that actual results will not differ from those expected by management of Foresight. Foresight undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which it becomes aware of, after the date hereof.
About Foresight Energy LPForesight is a leading coal producer in the Illinois basin region of the United States with control of over three billion tons of coal reserves currently supporting four mining complexes. Foresight's logistics give each of its mining complexes multiple modes of transportation to reach the end-users for its coal, including rail, barge and truck. Foresight serves both the domestic and international markets.