Latham & Watkins Advises CNX Resources in Private Offering of US$300.0 Million of Convertible Senior Notes

The upstream energy company was advised by a Houston and New York based team.

April 29, 2020

CNX Resources Corporation announced the pricing of US$300.0 million aggregate principal amount of its 2.250% convertible senior notes due 2026. In connection with the offering of the Notes, CNX granted the initial purchasers of the Notes a 13-day option to purchase up to an additional US$45.0 million aggregate principal amount of Notes. The sale of the Notes to the initial purchasers is expected to settle on May 1, 2020, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents CNX Resources Corporation in the transaction with a corporate team led by Houston partner David Miller and New York partner Greg Rodgers with Houston associates Monica White and Evann Hall, and New York associates Andrew Blumenthal and Jessica Lim. Advice was also provided on equity derivative-related matters by New York partner Catherine Lee with associate Shawn Noh; on tax matter by Houston partners Tim Fenn and Jim Cole and New York partner Bora Bozkurt with Houston associate Chelsea Munoz-Patchen; and on environmental matters by Houston partner Joel Mack with Los Angeles counsel Joshua Marnitz.

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