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CONSOL Energy Inc. Opens Tender Offer For Senior Notes

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April 4, 2014

CONSOL Energy Inc. (NYSE: CNX) opened a cash tender offer to purchase its 8% senior notes due 2017, which have an aggregate principal amount of $1.5 billion, the company said April 2.

Each note has a $1,000 principal amount and total consideration of $1,043.33, CONSOL Energy said, noting that the total consideration includes a consent payment of $20 for each principal amount.

As part of the offer, CONSOL Energy seeks consent solicitation for proposed amendments which would remove restrictive covenants from the notes’ indenture, the company added.

The tender offer ...


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