CNX prices cash tender offer for $350M 7.250% senior notes due 2027 at $1,018.97 per $1,000

CNX Resources Corp

Tender offer for any and all of $350M 7.250% senior notes due 2027; purchase price $1,018.97 per $1,000 principal.
Purchase price based on yield to March 14, 2024 redemption at 101.813%; fixed spread 0 bps over UST yield 5.536%.
Tender offer expires 5:00 PM NY time on Feb 16, 2024; settlement expected Feb 23, 2024.
Conditioned on contemporaneous new notes offering; concurrent redemption of untendered notes at 101.813% plus accrued.
Lead dealer manager J.P. Morgan; TD Securities as dealer manager.

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