Core Natural Resources, Inc. has entered into a new Receivables Financing Agreement as of July 28, 2025, with PNC Bank, National Association, serving as the administrative agent and LC bank. The agreement establishes a borrowing capacity of $250 million, with a maturity date set for July 27, 2028. In this arrangement, Core Receivable Company, LLC acts as the borrower, while Core Sales, LLC is the initial servicer. The agreement is designed to support the issuance of letters of credit, with loans accruing interest at a rate linked to the applicable term Secured Overnight Financing Rate plus ten basis points. Additionally, the agreement involves the reconveyance of receivables and related rights from CONSOL Funding LLC to CONSOL Pennsylvania Coal Company LLC, marking a significant update from the previous agreement dated November 30, 2017. This move signifies Core Natural Resources' strategic financial maneuvering to enhance liquidity and streamline its credit facilities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Core Natural Resources, Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-170639), on July 31, 2025, and is solely responsible for the information contained therein.
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