---
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"
generated_at: "2026-06-01T14:22:16.405897+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CNX Resources enters new $1.4B credit facility with $2.25B borrowing base, maturity extended to 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-141817
- JSON: https://secwatch.observer/filing/0001193125-24-141817.json
- Plain text: https://secwatch.observer/filing/0001193125-24-141817.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $1.4 billion elected commitments under a new $2.25 billion borrowing base senior secured revolving credit facility; $600
  - Counterparty: PNC Bank, National Association
  - Rate: SOFR plus margin ranging from 1.85% to 2.85% or base rate plus margin ranging fr
  - Maturity: May 17, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: $2.25 billion borrowing base and $1.4 billion elected commitments
  - Effective: 2024-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: $600.0 million senior secured revolving credit facility
  - Effective: 2024-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1070412/000119312524141817/0001193125-24-141817-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.