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The notes will be guaranteed by all of Consol’s wholly-owned domestic restricted subsidiaries.
The company intends to use the net proceeds of the sale of the notes, together with borrowings under its revolving credit facility, to purchase all of its outstanding 8.25% senior notes due 2020 (approximately $1.02 billion), as well as $250 million in its outstanding 6.375% senior notes due 2021.
Consol intends to use any remaining proceeds from the offering, together with borrowings under its revolving credit facility, to redeem any remaining 2020 notes.
