CNX Resources Corporation announced the closing of its private placement of $400 million aggregate principal amount of its 7.250% senior notes due 2032 (the Notes). The Notes were offered under an indenture, dated February 23, 2024 (the Indenture), among CNX, the subsidiary guarantors party thereto and UMB Bank, N.A., as trustee. The Notes are guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility.

CNX intends to use the net proceeds of the sale of the Notes to (i) purchase any and all of its outstanding 7.250% senior notes due 2027 (the 2027 Notes) pursuant to the tender offer that commenced concurrently with the offering of the Notes (the Tender Offer), (ii) to the extent any 2027 Notes remain outstanding after the Tender Offer, fund the redemption of all 2027 Notes not purchased in the Tender Offer (the Redemption) and (iii) repay borrowings under its revolving credit facility, with any remaining proceeds used for general corporate purposes. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the Securities Act), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes have been and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.