CNX Resources Enters Material Financial Agreement
Ticker: CNX · Form: 8-K · Filed: Feb 23, 2024 · CIK: 1070412
| Field | Detail |
|---|---|
| Company | Cnx Resources Corp (CNX) |
| Form Type | 8-K |
| Filed Date | Feb 23, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $400,000,000, $2,000, $1,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, material-agreement, financial-obligation
TL;DR
**CNX Resources just took on new debt, watch for details on its impact!**
AI Summary
CNX Resources Corporation entered into a material definitive agreement on February 23, 2024, related to the creation of a direct financial obligation. This 8-K filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. The company, with CIK 0001070412, is headquartered in Canonsburg, PA, and operates in the crude petroleum & natural gas industry.
Why It Matters
This filing indicates CNX Resources has taken on a new financial obligation, which could impact its balance sheet and future financial performance.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation introduces new liabilities and potential interest expenses for the company.
Key Players & Entities
- CNX Resources Corporation (company) — registrant
- February 23, 2024 (date) — date of earliest event reported
- 0001070412 (company) — Central Index Key (CIK) for CNX Resources Corp
- Canonsburg, PA (location) — business address of CNX Resources Corp
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 23, 2024.
What type of agreement did CNX Resources Corporation enter into?
CNX Resources Corporation entered into a Material Definitive Agreement.
What is the primary industry of CNX Resources Corporation?
CNX Resources Corporation's primary industry is Crude Petroleum & Natural Gas (SIC 1311).
What items were disclosed in this 8-K filing?
The 8-K filing disclosed Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Regulation FD Disclosure, and Financial Statements and Exhibits.
Where is CNX Resources Corporation's business address?
CNX Resources Corporation's business address is CNX Center, 1000 Consol Energy Drive, Canonsburg, PA 15317.
Filing Stats: 1,553 words · 6 min read · ~5 pages · Grade level 12.6 · Accepted 2024-02-23 16:23:17
Key Financial Figures
- $400,000,000 — vate offering (the "Notes Offering") of $400,000,000 aggregate principal amount of 7.250% se
- $2,000 — to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in ex
- $1,000 — al to $2,000 or an integral multiple of $1,000 in excess of $2,000) of that holder's N
Filing Documents
- d766231d8k.htm (8-K) — 39KB
- d766231dex41.htm (EX-4.1) — 682KB
- d766231dex991.htm (EX-99.1) — 7KB
- g766231g0221225738561.jpg (GRAPHIC) — 3KB
- 0001193125-24-044538.txt ( ) — 1055KB
- cnx-20240223.xsd (EX-101.SCH) — 4KB
- cnx-20240223_def.xml (EX-101.DEF) — 13KB
- cnx-20240223_lab.xml (EX-101.LAB) — 22KB
- cnx-20240223_pre.xml (EX-101.PRE) — 14KB
- d766231d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of the Exhibit 4.1 Indenture, dated as of February 23, 2024, among CNX Resources Corporation, the subsidiary guarantors party thereto and UMB Bank, N.A., as Trustee. 99.1 Press Release, dated as of February 23, 2024, announcing the closing of the notes offering. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CNX RESOURCES CORPORATION By: /s/ Alan K. Shepard Name: Alan K. Shepard Title: Chief Financial Officer Dated: February 23, 2024