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CNX Resources signs amended $2.1B credit facility

CNX Resources Corp. signed an amended and restated $2.1 billion senior secured revolving credit facility, replacing the company's existing $2.0 billion credit facility.

The senior secured revolver will mature March 8, 2023, according to a March 12 SEC filing. However, if the aggregate principal amount of the company's outstanding 5.875% senior notes due 2022, 8.00% senior notes due 2023 and certain other publicly traded debt securities reach over $500 million 91 days prior to the earliest maturity of such debt, then this will trigger the credit facility to mature on said date.

PNC Bank National Association is acting administrative agent and collateral agent, while JPMorgan Chase Bank NA is acting as syndication agent.

CNX is an independent oil and gas exploration and production company with operations centered in the Appalachian Basin.