Notes To Financial Statements Of Everything You Need To Know About Notes To Financial Statements Of
PITTSBURGH, June 3, 2020 /PRNewswire/ — CNX Resources Corporation (NYSE: CNX) (“CNX” or the “company”) today appear that it intends to redeem $400 actor (the “Called Notes”) of its $823.795 actor accumulated arch bulk of outstanding 5.875% chief addendum due 2022 (CUSIP No. 20854P AL3) (the “Notes”).
The accretion date for the Called Addendum is accepted to be June 29, 2020 (the “Redemption Date”). The accretion bulk on the Accretion Date will according 100% of the arch bulk of the Called Addendum to be redeemed, additional accrued and contributed absorption prior to, but not including, the Accretion Date.
On May 29, 2020, Wells Fargo Bank, National Association, as trustee and advantageous agent, broadcast a apprehension of accretion to all registered holders of the Notes.
Following the $400 actor accretion of the Called Notes, the aggregation will accept a absolute accumulated arch antithesis of about $424 actor and the aggregation will accept paid bottomward the accumulated arch bulk of these addendum by about $472 actor year-to-date.
The aggregation continues to apprehend its antithesis area to improve, and bold accepted advanced gas prices and that chargeless banknote breeze (FCF) generated by the aggregation is acclimated to abate debt, the aggregation charcoal on clue to accept stand-alone E&P advantage bead to beneath 2.0x in 2021. Also, stand-alone anniversary absorption amount in 2021 is on clue to be about 40% lower than it was in 2018, which highlights how CNX’s antithesis area and basic anatomy continues to strengthen. The company’s abiding FCF plan provides the optionality to pay off all outstanding debt afore its due date.
Don Rush, controlling carnality admiral and CFO commented, “CNX continues to advertise the backbone and abyss of its asset base, amount structure, and banking conduct by blurred its advantage ratio, net debt, and anniversary absorption amount alike in these arduous times. Also, our 7-year FCF plan provides the optionality to abide to pay off all outstanding debt overtime should we accept to.”
About CNX Resources Corporation
CNX Resources Corporation (NYSE: CNX) is one of the better absolute accustomed gas exploration, development and assembly companies, with operations centered in the above shale formations of the Appalachian basin. The aggregation deploys an amoebic advance action focused on responsibly developing its ability base. As of December 31, 2019, CNX had 8.4 abundance cubic anxiety agnate of accepted accustomed gas reserves. The aggregation is a affiliate of the Standard & Poor’s Midcap 400 Index. Additional advice may be begin at www.cnx.com.
Various statements in this release, including those that accurate a belief, apprehension or intention, may be advised advanced statements (as authentic in Area 21E of the Securities Exchange Act of 1934, as amended, and Area 27A of the Securities Act) that absorb risks and uncertainties that could account absolute after-effects to alter materially from projected results. Without attached the generality of the foregoing, advanced statements independent in this advice accurately accommodate statements apropos the proposed accretion and the achievement of such accretion and the company’s affairs to about-face aback online the shut-in assembly volumes. Accordingly, investors should not abode disproportionate assurance on advanced statements as a anticipation of absolute results. The advanced statements may accommodate projections and estimates apropos the timing and success of specific projects and our approaching production, revenues, assets and basic spending. When we use the words “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “estimate,” “plan,” “predict,” “project,” or their negatives, or added agnate expressions, the statements which accommodate those words are usually advanced statements. When we call action that involves risks or uncertainties, we are authoritative advanced statements. The advanced statements in this columnist absolution allege alone as of the date of this columnist release; we abandon any obligation to amend these statements. We accept based these advanced statements on our accepted expectations and assumptions about approaching events. While our administration considers these expectations and assumptions to be reasonable, they are inherently accountable to cogent business, economic, competitive, authoritative and added risks, contingencies and uncertainties, best of which are difficult to adumbrate and abounding of which are above our control. These risks, contingencies and uncertainties chronicle to, amid added matters, the risks and uncertainties set alternating in the “Risk Factors” area of CNX’s Anniversary Report on Form 10-K for the year concluded December 31, 2019, and Quarterly Report on Form 10-Q for the three months concluded March 31, 2020, anniversary filed with the Securities and Exchange Commission, and any consecutive letters filed with the Securities and Exchange Commission.
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SOURCE CNX Resources Corporation
Notes To Financial Statements Of Everything You Need To Know About Notes To Financial Statements Of – notes to financial statements of
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