CNX Resources closes $200 million add-on offering of 7.250% senior notes due 2032
CNX Resources completed a private offering of $200 million in additional 7.250% senior notes due 2032, priced at 100.500% of par with a yield to worst of 7.104%. The new notes are identical to the $400 million of notes issued in February 2024, so CNX's total notes outstanding of this series rise to $600 million, and the company plans to use the proceeds for general corporate purposes, including part of the costs of its pending Apex Energy acquisition.
Key points
- $200 million of 7.250% senior notes due March 1, 2032, priced at 100.500% of par, yield to worst 7.104%
- Issued as additional notes under the February 23, 2024 indenture with UMB Bank, N.A. as trustee, on identical terms to the $400 million initial notes
- Proceeds for general corporate purposes, including part of transaction costs for the pending Apex Energy acquisition, and paying down revolver borrowings before that deal closes
- Company may redeem notes on or after March 1, 2027 at 103.625%, declining to 100% from 2029
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.