CONSOL Energy prices $500M of senior notes

CONSOL Energy Inc. (NYSE: CNX) has priced $500 million of its 8.000% senior notes due 2023 at a price to the public of 98.552% of their face value. The offering is expected to close on March 30. The notes will be 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 the approximately $1.02 billion in its outstanding 8.25% senior notes due 2020 and the $250 million in its outstanding 6.375% senior notes due 2021 pursuant to the tender offers and consent solicitations that commenced on March 9. 

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