debt
confidence high
sentiment neutral
materiality 0.45
CNX closes $200M add-on of 7.250% senior notes due 2032 for Apex acquisition funding
CNX Resources Corp
- Issued $200M additional 7.250% senior notes due 2032 at 100.5% of par, yield to worst 7.104%.
- Notes are identical to existing $400M notes; treated as single class, guaranteed by restricted subsidiaries.
- Proceeds for general corporate purposes including funding pending Apex Energy acquisition and paying down credit facility.
- Offering not conditioned on Apex acquisition; acquisition not conditioned on offering.
- Interest payable semi-annually; notes mature March 1, 2032; redeemable at specified prices from 2027.