debt
confidence high
sentiment neutral
materiality 0.70
CNX Resources prices $500M of 7.375% senior notes due 2031 for tender offer and debt repayment
CNX Resources Corp
- $500M aggregate principal of 7.375% senior notes due 2031 priced at 100% of face value; closing expected Sept 26, 2022.
- Net proceeds to fund up to $350M cash tender offer for its 7.250% notes due 2027; remainder to repay revolver borrowings.
- Notes are guaranteed by all wholly owned restricted subsidiaries that guarantee its revolving credit facility.
- Offering is private pursuant to Rule 144A/Reg S; not registered under Securities Act.