MARKETS

Consol seeks $US650M in senior notes

CONSOL Energy intends to offer and sell $US650 million worth of senior notes due 2023 to eligible purchasers, subject to market conditions.

Lou Caruana
Consol seeks $US650M in senior notes

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.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.