CNX’s $400M Move: Strategic Shift or Risky?

CNX Resources Raises $400 Million in Senior Notes Offering and Launches Tender Offer

CNX Resources Corporation, a leading Appalachian-based company, recently announced its plans to offer $400 million in senior notes due 2032 in a private placement. The proceeds from this offering will be used to fund a tender offer for the company’s outstanding 7.250% senior notes due 2027, as well as to repay borrowings under its revolving credit facility.