debt
confidence high
sentiment neutral
materiality 0.65
CNX Resources announces $500M senior note offering and $350M tender offer for 2027 notes
CNX Resources Corp
- CNX intends to offer $500 million senior notes due 2031 in a private placement.
- Concurrently commenced cash tender offer for up to $350M of its 7.250% senior notes due 2027.
- Tender offer expires Oct 7, 2022; early tender deadline Sep 23, 2022 with $30 early tender payment per $1,000.
- Proceeds used to purchase tendered notes, repay revolving credit facility, and general corporate purposes.