CNX Resources noteholders tender 89.21% of 7¼% notes due 2027

Chicago, Feb. 20 – CNX Resources Corp. announced that noteholders of 89.21%, or $312,227,000, of the $350 million outstanding 7¼% senior notes due 2027 (Cusip: 12653CAC2, U1749LAB0) tendered their notes by the deadline, according to a press release.

The any-and-all offer ended at 5 p.m. ET on Feb. 16.

There are guaranteed delivery procedures. The tendered notes total does not include any notes tendered using those procedures.

The offer started on Feb. 12.

The purchase price was determined at 2 p.m. ET on Feb. 16 as $1,018.97 for each $1,000 note, plus accrued interest to the settlement date.

The tender offer is subject to the closing of a new offering of senior notes.

CNX has already issued a conditional notice of redemption for any notes not tendered in the offer. Subject to the completion of the same new offering of senior notes, the company will pay 101.813 for any notes not tendered, plus interest to the March 14 redemption date.

J.P. Morgan Securities LLC (866 834-4666 or 212 834-4087) is the dealer manager, and TD Securities (USA) LLC is the co-dealer manager.

Global Bondholder Services Corp. (855 654-2015 or, for banks and brokers, 212 430-3774; contact@gbsc-usa.com; https://www.gbsc-usa.com/cnx) is the tender agent and information agent.

CNX is a Pittsburgh-based natural gas development, production, midstream and technology company centered in Appalachia.

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