CONSOL Energy Inc. (NYSE: CNX) offered $650 million of senior notes in a private placement, the company said March 24.
The notes are due 2023.
Net proceeds and revolving credit facility borrowings will buy back the roughly-$1.02 billion in outstanding 8.25% notes due 2020. They will also buy back the $250 million in outstanding 6.375% notes due 2021. Tender offers for the notes began March 9, the company said.
Any remaining proceeds and borrowings will redeem any remaining notes.
Canonsburg, Pa.-based CONSOL Energy Inc. operates in the Appalachian Basin.
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