debt
confidence high
sentiment neutral
materiality 0.65
CNX completes tender offer for 89.2% of 7.250% notes due 2027; conditional redemption for remainder
CNX Resources Corp
- Tenders received for $312.2M of $350M aggregate principal outstanding (89.21%).
- Purchase price $1,018.97 per $1,000 principal plus accrued interest.
- Settlement date February 23, 2024; purchased notes to be retired.
- Conditional redemption of remaining notes at 101.813% if new notes offering closes.
- Tender offer expired February 16, 2024; J.P. Morgan and TD Securities acted as dealer managers.