CNX Resources Corporation (NYSE: CNX) today announced the pricing of $200.0 million aggregate principal amount of its 7.250% senior notes due 2027 at a price of 103.5% of par with an effetive yield of 6.34%. The New Notes are being offered as additional notes under an indenture, dated March 14, 2019, pursuant to which CNX previously issued $500.0 million aggregate principal amount of 7.250% senior notes due 2027. The offering is expected to close on September 22, 2020, subject to the satisfaction of customary closing conditions. The New Notes will be guaranteed by all of CNX's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility and have identical terms as the Initial Notes, other than the issue date, and the New Notes and the Initial Notes will be treated as a single class of securities under the Indenture.

CNX estimates that the net proceeds from the offering will be approximately $204.0 million after deducting the initial purchasers' discount and estimated offering expenses payable by CNX. CNX intends to use the net proceeds of the sale of the New Notes, together with borrowings under its revolving credit facility, to redeem, conditioned upon closing of the offering of the New Notes, all of its outstanding 5.875% senior notes due 2022 (the "2022 Notes"), eliminating any senior note maturities prior to 2026.

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. The company deploys an organic growth strategy focused on responsibly developing its resource base. As of December 31, 2019, CNX had 8.4 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index.