debt
confidence high
sentiment neutral
materiality 0.55
CNX Resources prices $200M of 7.250% senior notes due 2032 at 100.500% of par
CNX Resources Corp
- $200M aggregate principal of 7.250% senior notes due 2032 offered and priced at 100.500% of par.
- Yield to worst of 7.104%; notes are additional under Feb 2024 indenture alongside $400M initial notes.
- Net proceeds for general corporate purposes, including funding a portion of the pending Apex Energy acquisition.
- Closing expected January 21, 2025, subject to customary conditions.
- Guaranteed by all restricted subsidiaries that guarantee revolving credit facility.