NYSE:CNXOil and Gas
CNX Resources (CNX) Valuation Check After US$500 Million Senior Notes Refinancing
CNX Resources (CNX) has closed a private placement of US$500 million in 5.875% senior notes due 2034. The company is using the funds to repurchase and redeem higher coupon debt maturing in 2029.
See our latest analysis for CNX Resources.
The recent refinancing activity comes during a period of firm share price momentum, with a 1-day share price return of 5.27%, a year-to-date share price return of 14.59%, and a 1-year total shareholder return of 44.57% helping extend a strong multi year...