CNX Resources’ $200 Million Senior Notes Offering

Latham & Watkins LLP represented CNX Resources Corporation 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.

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas properties primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream.

Latham & Watkins LLP represented CNX Resources Corporation in the offering with a corporate team led by Houston partner David Miller (Picture), 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.

Involved fees earner: Ricardo Raul Alvarado – Latham & Watkins; Jim Cole – Latham & Watkins; Timothy Fenn – Latham & Watkins; Clayton Heery – Latham & Watkins; Joel Mack – Latham & Watkins; Danielle Maddox Kinchen – Latham & Watkins; Joshua Marnitz – Latham & Watkins; David Miller – Latham & Watkins; Marianne Standley – Latham & Watkins; Kate Wang – Latham & Watkins; Monica White – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: CNX Resources Corporation;

Author: Ambrogio Visconti