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CNX Resources terminates $500M tender offer on cancelled senior note offering

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CNX Resources terminates $500M tender offer on cancelled senior note offering

CNX Resources Corp. terminated its tender offer for $500 million of 8% senior notes due 2023 in connection with the company's decision to cancel a concurrent private offering of senior notes due 2026.

The tender offer's completion was conditioned on the private offering. It was also scheduled to expire on March 21.

The Appalachian Basin-focused natural gas producer will not accept for purchase nor pay for consideration of any tendered 2023 notes, according to a March 16 news release.