CONSOL closes $500M of senior notes offering

CONSOL Energy Inc. (NYSE: CNX) has closed its private placement of $500 million of its 8.000% senior notes due 2023. The notes are guaranteed by substantially all of CONSOL's wholly owned domestic restricted subsidiaries.

CONSOL intends to use the net proceeds of the sale of the notes, together with borrowings under its revolving credit facility to the extent necessary, to purchase all of its outstanding 8.25% senior notes due 2020 and its outstanding 6.375% senior notes due 2021 that have, and will be, tendered pursuant to the tender offers and consent solicitations that began on March 9. 

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