Nachrichten July 25, 2014

Shearman & Sterling Advises on Foresight Energy LP’s $350 Million IPO

Shearman & Sterling represented Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC, as representatives of the several underwriters in connection with an initial public offering of common units by Foresight Energy LP. Foresight priced its offering at $20 a share on June 17, 2013. The offering raised $350 million.

Foresight is a bituminous thermal coal producer operating in the Illinois Basin. Foresight controls over 3 billion tons of coal in the state of Illinois and is one of the largest holders of coal reserves in the United States.