PITTSBURGH, November 24, 2020 /PRNewswire via COMTEX/ — PITTSBURGH, November 24, 2020 /PRNewswire/ — CNX Resources Corporation (NYSE: CNX) (« CNX ») today announced its intention to offer and sell $400.0 million in priority debt, subject to market and other conditions. The bonds are guaranteed by all CNX`s national subsidiaries who guarantee their revolving credit facility. CNX intends to use the net proceeds from the sale of the bonds for general purposes, including to repay existing debts under CNX`s revolving credit facility. PITTSBURGH, March 8, 2018 /PRNewswire/ — CNX Resources Corporation (NYSE: CNX) (« CNX » or the company) today announced that it has amended and revised its first secured revolving credit facility (the « credit facility »). The credit facility brings lenders` liabilities to $2.1 billion, with the company raising liabilities to $3.0 billion and setting an initial credit base of $2.5 billion. Bonds outstanding under the credit facility are paid at the company`s discretion at the base rate plus a margin between 0.50% and 1.50%, or libor plus a margin between 1.50% and 2.50%. . View original content for multimedia download:www.prnewswire.com/news-releases/cnx-resources-corporation-announces-private-offering-of-offering-of-400-million-of-senior-notes-301179744.html PNC Capital Markets LLC, JPMorgan Chase Bank, N.A., Credit Suisse Securities (USA) LLC and MUFG Union Bank, N.A. acted as lead arrangers and co-bookrunner for the Credit Facility. PNC Bank, National Association will act as a management and warranty officer, and JPMorgan Chase Bank, N.A. will serve as a syndication agent. MarketWatch`s News Department was not involved in the creation of this content. This press release does not constitute an offer to sell or an invitation to purchase tickets and does not constitute an offer, invitation or sale of tickets in a state or jurisdiction in which such an offer, invitation or sale prior to the registration or characterization of such a State or a securities court would be unlawful.
The offer can only be made by an offer memorandum. The bonds have not been and are not registered in accordance with the Securities Act of 1933 as amended (« Securities Act ») or any national securities law and may not be offered or sold in the United States, unless they are exempt from the registration requirements of the Securities Act and the rules adopted by the Securities Act and existing national securities legislation, or in a transaction that is not subject to the registration requirements of the Securities Act and applicable government securities laws. The bonds are only available to persons who are reasonably presumed to be qualified institutional buyers based on Rule 144A and not in the United States. Persons in transactions made outside the United States, referring to Regulation S of the Securities Act. The credit facility matures on March 8, 2023, subject to an maturity date, in the event that the total outstanding equity for the Company`s preferred bonds or certain other publicly traded bonds exceeds $500 million.