Latham & Watkins Advises CNX Resources on US$500 Million Senior Notes Offering and Concurrent Tender Offer

CNX Resources Corporation (NYSE: CNX) has announced the pricing of US$500 million of its 5.875% senior notes due 2034 (the notes) at a price to the public of 100.0% of their face value. The offering of notes is expected to close on February 26, 2026, subject to the satisfaction of customary closing conditions. The notes will be guaranteed by all of CNX's 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 6.000% senior notes due 2029 (the 2029 notes) pursuant to the tender offer that commenced concurrently with the offering of the notes (the tender offer) and (ii) to the extent any 2029 notes remain outstanding after the tender offer, fund the redemption of all 2029 notes not purchased in the tender offer (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.

Latham & Watkins LLP represents CNX Resources in the offerings with a corporate team led by Austin partner David Miller and Houston partner Monica White, with associates Connor Adams, Cooper Shear, Armaan Bhimani, and Madhavi Nambiar. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole, with associate Molly Elkins; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Jacqueline Zhang.