CNX Resources Bolsters Finances with $400M Senior Notes Offering

CNX Resources (CNX) has released an update.

CNX Resources Corporation is set to strengthen its financial position through a private offering of $400 million in senior notes with a 7.250% interest rate, maturing in 2032. This strategic move, facilitated by J.P. Morgan Securities LLC and anticipated to close by February 23, 2024, includes guarantees from the Company’s subsidiaries. The agreement also features standard provisions and indemnities, reflecting a robust partnership with the initial purchasers who have a history of providing diverse financial services to the Company.

For further insights into CNX stock, check out TipRanks’ Stock Analysis page.