An update from Core Natural Resources ( (CNR) ) is now available.
On March 27, 2025, Core Natural Resources successfully completed a refinancing effort involving tax-exempt bonds initially issued by CONSOL Energy and Arch Resources. The refinancing increased the total bond amount from $276 million to $307 million, established a 10-year initial term for the now unsecured bonds maturing in March 2035, and reduced the weighted average interest rate to 5.3% despite a higher interest rate environment. The transactions, which were more than six times oversubscribed, underscore the strength of Core’s operating portfolio and its enhanced diversification and scale, providing significant financial flexibility to support long-term growth. Thirty-nine institutional investors participated in the transactions, with Jefferies LLC and KeyBanc Capital as co-lead bookrunners.
More about Core Natural Resources
Core Natural Resources, Inc. (NYSE: CNR) is a leading producer and exporter of high-quality, low-cost coals, including metallurgical and high calorific value thermal coals. The company operates a top-tier portfolio, including the Pennsylvania Mining Complex, Leer, Leer South, and West Elk mines. With a focus on seaborne markets, Core plays a crucial role in meeting global demands for steel, infrastructure, and energy, and holds ownership interests in two marine export terminals. The company was formed in January 2025 through the merger of CONSOL Energy and Arch Resources and is headquartered in Canonsburg, Pennsylvania.
YTD Price Performance: -26.29%
Average Trading Volume: 1,089,386
Technical Sentiment Signal: Hold
Current Market Cap: $4.2B
See more data about CNR stock on TipRanks’ Stock Analysis page.