CNX Resources Corporation Announces Private Offering of $500 Million of Senior Notes
Rhea-AI Summary
CNX Resources (NYSE: CNX) intends to privately offer $500 million of senior notes due 2034, guaranteed by its restricted subsidiaries, and to use net proceeds to fund a tender offer and conditional redemption of its 6.000% senior notes due 2029.
The offering is subject to market conditions, will be sold to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and may involve draws on the revolving credit facility if proceeds are insufficient. As of 12/31/2025, CNX reported 9.7 trillion cubic feet equivalent of proved natural gas reserves.
Positive
- $500 million senior notes due 2034 announced
- Notes guaranteed by all restricted subsidiaries
- Intended proceeds to fund purchase of 6.000% 2029 notes
- 9.7 Tcf proved natural gas reserves as of 12/31/2025
Negative
- Offering conditioned on market and other conditions
- May draw on revolving credit facility if proceeds short
- Tender Offer and Redemption dependent on offering consummation
News Market Reaction – CNX
In the Feb 17 session, CNX declined 1.90%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Private placement,offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 13 | Debt offering | Neutral | +0.4% | Announced $200M add-on 7.250% senior notes due 2032 for acquisition uses. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
For similar private offerings, CNX previously saw a modest price move of about 0.37%, indicating historically limited immediate impact from this type of capital markets action.
In January 2025, CNX executed a private placement of $200 million in 7.250% senior notes due 2032, an add-on to an existing series, with a next-day move of 0.37%. Proceeds supported an acquisition and credit facility paydown. Today’s $500 million senior notes due 2034 and associated tender for 6.000% 2029 notes follow the same pattern of using debt markets and liability management alongside CNX’s growing reserve base of 9.7 Tcfe as of December 31, 2025.
Key Terms
senior notes financial
tender offer financial
redemption financial
revolving credit facility financial
Rule 144A regulatory
Regulation S regulatory
qualified institutional buyers financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Concurrently with this offering, we commenced a tender offer (the "Tender Offer") to purchase for cash any and all of our
CNX intends to use the net proceeds of the sale of the Notes to (i) fund its obligations under the Tender Offer and (ii) to the extent any 2029 Notes remain outstanding after the Tender Offer, to fund the Redemption. To the extent the net proceeds of the sale of Notes are not sufficient to fund its obligations under the Tender Offer and the Redemption, it intends to draw on its revolving credit facility to provide the additional funds to satisfy such obligations. Until it uses the remaining net proceeds of the sale of the Notes to fund the Redemption, if applicable, it will reduce amounts outstanding under its revolving credit facility.
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
CNX Resources Corporation (NYSE: CNX) is unique. We are a premier, ultra-low carbon intensive natural gas development, production, midstream, and technology company centered in Appalachia, one of the most energy abundant regions in the world. With the benefit of a 161-year regional legacy, substantial asset base, leading core operational competencies, technology development and innovation, and astute capital allocation methodologies, we responsibly develop our resources and deploy free cash flow to create long-term per share value for our shareholders, employees, and the communities where we operate. As of December 31, 2025, CNX had 9.7 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index.
Cautionary Statements:
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of Notes may be made only by means of an offering memorandum. This press release does not constitute an offer to purchase or the solicitation of an offer to sell any 2029 Notes in the Tender Offer, nor does it constitute a notice of redemption under the indenture governing the 2029 Notes.
Various statements in this release, including those that express a belief, expectation or intention, may be considered forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will" or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, including those relating to the offering of Notes and the use of proceeds therefrom, the Tender Offer and the Redemption, speak only as of the date of this press release; we disclaim any obligation to update these statements unless required by securities laws and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the factors discussed in our 2025 Annual Report on Form 10-K under "Risk Factors," which is on file at the
View original content to download multimedia:https://www.prnewswire.com/news-releases/cnx-resources-corporation-announces-private-offering-of-500-million-of-senior-notes-302689492.html
SOURCE CNX Resources Corporation