CNX Resources Corporation (NYSE: CNX) today announced that it intends, subject to market and other conditions, to offer and sell to eligible purchasers $500.0 million of senior notes due 2027. The Notes will be guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. CNX intends to use the net proceeds of the sale of the Notes to purchase up to $400.0 million aggregate principal amount of its outstanding 5.875% senior notes due 2022 pursuant to the cash tender offer that commenced concurrently with the offering of the Notes, with the remainder of the net proceeds to be used to repay existing indebtedness under CNX's revolving credit facility.

The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.

About CNX Resources Corporation

CNX Resources Corporation (NYSE: CNX) is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin.