Core Natural Resources, Inc. (CNR): debt financing — Core Natural Resources enters $250M receivables facility, replaces prior CONSOL facility

Core Natural Resources, Inc.

New $250M receivables financing agreement with PNC Bank; maturity July 27, 2028.
Prior $250M CONSOL Funding facility voluntarily repaid; letters of credit transferred.
Loans accrue at SOFR + 10 bps; drawn fee 2.00% p.a., unused fee 0.60% p.a.
Receivables sold from originators to Arch Resources, then to borrower Core Receivable Company.
Performance guaranty by Core Natural Resources, Inc. in favor of PNC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Core Natural Resources, Inc. incurred credit facility of $250 million with PNC Bank, National Association at term Secured Overnight Financing Rate plus ten basis points plus drawn fee of 2. maturing July 27, 2028.

Instrument: credit facility
Principal: $250 million
Counterparty: PNC Bank, National Association
Rate: term Secured Overnight Financing Rate plus ten basis points plus drawn fee of 2.
Maturity: July 27, 2028
Event: incurrence

Exact text from the filing

The Receivables Financing Agreement supports the issuance of letters of credit and a borrowing capacity of $250 million, with a maturity date of July 27, 2028.

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73 debt financings filed in the last 30 days. Browse all debt financings →

Core Natural Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-170639

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