debt
confidence high
sentiment neutral
materiality 0.50
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.
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