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Latham & Watkins Advises CNX Resources Corporation in Offering of US$200 Million of Senior Notes

September 9, 2020
A Houston-based corporate deal team advised the natural gas exploration, development and production company in the offering.

CNX Resources Corporation (CNX) announced the pricing of US$200.0 million aggregate principal amount of its 7.250% senior notes due 2027 at a price of 103.5% of par with an effective yield of 6.34%. The sale of the notes to the initial purchasers is expected to settle on September 22, 2020, subject to the satisfaction of customary closing conditions. 

Latham & Watkins LLP represented CNX Resources Corporation in the offering with a corporate team led by Houston partner David Miller, with Houston associates Monica White, Clayton Heery, Kate Wang, Ricky Alvarado and Danielle Kinchen. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole, with Houston associate Marianne Standley; and on environmental matters by Houston partner Joel Mack and Los Angeles counsel Joshua Marnitz.