{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-141817","form_type":"8-K","ticker":"CNX","cik":"0001070412","company_name":"CNX Resources Corp","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.173585+00:00","generated_at":"2026-06-01T14:22:16.405897+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CNX Resources enters new $1.4B credit facility with $2.25B borrowing base, maturity extended to 2029","bullets":["New $1.4B senior secured revolver replaces $1.35B facility; borrowing base unchanged at $2.25B; maturity extended from Oct 2026 to May 2029.","CNX Midstream (wholly owned) also entered new $600M facility with same May 2029 maturity, replacing existing 2026 facility.","CNX covenants: max net leverage 3.50x, min current ratio 1.00x; CNX Midstream: max net leverage 5.00-5.25x, max secured leverage 3.25x, min interest coverage 2.50x.","Facility includes springing maturity if outstanding convertible notes or 2029 senior notes exceed 80% of availability."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-141817","json":"https://secwatch.observer/filing/0001193125-24-141817.json","markdown":"https://secwatch.observer/filing/0001193125-24-141817.md","text":"https://secwatch.observer/filing/0001193125-24-141817.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/d773002d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T14:22:16.405897+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2078c36e82b66855522a27ee90ea45d6d43fecff","claim":"CNX Resources Corp incurred credit facility of $1.4 billion elected commitments under a new $2.25 billion borrowing base senior secured revolving credit facility; $600 with PNC Bank, National Association at SOFR plus margin ranging from 1.85% to 2.85% or base rate plus margin ranging fr maturing May 17, 2029.","evidence_excerpt":"on May 17, 2029, with certain lenders and PNC Bank, National Association as administrative agent and collateral agent. The new senior secured revolving credit facility has a $2.25 billion borrowing base and $1.4 billion elected commitments and replaces the Company’s existing senior secured revolving credit facility which had a $2.25 billion borrowing base and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.4 billion elected commitments under a new $2.25 billion borrowing base senior secured revolving credit facility; $600"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"SOFR plus margin ranging from 1.85% to 2.85% or base rate plus margin ranging fr"},{"label":"Maturity","value":"May 17, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b17265d0234d753e461d816bd2e9534a4c5251de","claim":"CNX Resources Corp entered into Fourth Amended and Restated Credit Agreement with PNC Bank, National Association valued at $2.25 billion borrowing base and $1.4 billion elected commitments (effective 2024-05-17).","evidence_excerpt":"CNX Resources Corporation (“CNX” or the “Company”) as borrower and certain of its subsidiaries as guarantor loan parties entered into a new Fourth Amended and Restated Credit Agreement for a senior secured revolving credit facility, dated as of May 17, 2024 (the “CNX Credit Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"$2.25 billion borrowing base and $1.4 billion elected commitments"},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"},{"claim_id":"e7fde87d8b24c47e077b1b40ff3b64c772c82103","claim":"CNX Resources Corp entered into Second Amended and Restated Credit Agreement with PNC Bank, National Association valued at $600.0 million senior secured revolving credit facility (effective 2024-05-17).","evidence_excerpt":"CNX Midstream Partners LP, a wholly owned subsidiary of CNX (“CNXM” or the “Partnership”), as borrower and certain of its subsidiaries as guarantor loan parties entered into a new Second Amended and Restated Credit Agreement for a senior secured revolving credit facility, dated as of May 17, 2024 (the “CNXM Credit Agreement”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"$600.0 million senior secured revolving credit facility"},{"label":"Effective","value":"2024-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}