8-K - CNX Resources Corporation | StockGist

AI Analysis

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CNX Resources Corporation announced a private offering of $500 million senior notes due 2034 and commenced a cash tender offer for any and all of its outstanding $500 million 6.000% senior notes due 2029, with a conditional redemption notice for remaining notes. Net proceeds will fund the tender offer and redemption, with potential revolver draw if needed.

Key Takeaways

1Private offering of $500 million senior notes due 2034, guaranteed by restricted subsidiaries guaranteeing revolving credit facility

2Cash tender offer for any and all $500 million 6.000% senior notes due 2029 at $1,016.10 per $1,000 principal

3Tender offer expires February 23, 2026, settlement expected February 26, 2026

4Conditional redemption of remaining 2029 notes at 101.50% of principal on March 19, 2026

5Tender offer and redemption conditioned on closing of new notes offering

6Use of proceeds: fund tender offer and redemption, reduce revolver borrowings

Current Report Details

Event Type

Regulation Fd

Exhibits Only

Disclosure

Voluntary

Variant

8-K

Items Reported

7.01

and Exhibits 99.1 and 99.2 attached hereto shall not be incorporated by reference into any registration statement or other document pursuant to the Securities A

Regulation Fd

9.01

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release dated February 17, 2026 announcing the private offering

Exhibits Only

$500.0M

Source Document

Transaction Details

Debt / Financing

Instrument: senior notes
Principal: 500000000
Maturity: 2034
Use of Proceeds: fund obligations under Tender Offerfund Redemption of remaining 2029 Notesreduce revolving credit facility borrowings

Exhibits (3)

8-K

99.1

EX-99.1

99.2

EX-99.2