CNX Resources Corporation announced that it intends, subject to market and other conditions, to offer and sell in a private placement to eligible purchasers $400 million of senior notes due 2032. The Notes will be guaranteed by all of CNX's restricted subsidiaries that guarantee its revolving credit facility. Concurrently with this offering, company commenced a tender offer to purchase for cash any and all of 7.250% senior notes due 2027 validly tendered and not validly withdrawn.

The Tender Offer is made only by and pursuant to the terms of the Offer to Purchase. Additionally, concurrently with this offering and the commencement of the Tender Offer, company issued a conditional notice to redeem all 2027 Notes not purchased in the Tender Offer. The Tender Offer and the Redemption are each conditioned on the consummation of this offering.

CNX intends to use the net proceeds of the sale of the Notes to purchase any and all of its outstanding 2027 Notes pursuant to the Tender Offer, to the extent any 2027 Notes remain outstanding after the Tender Offer, fund the Redemption and 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, 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 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.