CONSOL Prices $500 Mln Of 8% Notes At 98.552% Of Their Face Value

(RTTNews) - CONSOL Energy Inc. (CNX) reported the pricing of $500 million of its 8 percent senior notes due 2023 at a price to the public of 98.552 percent of their face value. The offering is expected to close on March 30.

The notes will be guaranteed by substantially all of CONSOL's wholly-owned domestic restricted subsidiaries.

CONSOL intends to use the net proceeds from the sale of notes, together with borrowings under its revolving credit facility as necessary, to purchase all of the approximately $1.02 billion in its outstanding 8.25 percent senior notes due 2020 and the $250 million in its outstanding 6.375 percent senior notes due 2021.