CNX Resources Announces Private Exchange of Notes for Shares and Cash

Reuters12-16 19:01
CNX Resources Announces Private Exchange of Notes for Shares and Cash

CNX Resources Corporation has entered into a privately negotiated exchange agreement with certain holders of its 2.25% Convertible Senior Notes due 2026. Under the agreement, approximately $122.1 million in principal amount of the notes will be exchanged for around $0.8 million in cash and 9,509,188 shares of common stock. The exchanges, conducted as private placements exempt from registration under Section 4(a)(2) of the Securities Act, are expected to close on or about December 17, 2025.

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