Cahill Represents PNC as Administrative Agent and Lead Arranger in Credit Agreement for Core Natural Resources
Date: 01/14/25
Cahill represented PNC Bank as administrative agent and PNC Capital Markets as lead arranger in an increase from $355 million to $600 million in the revolving credit facility for Core Natural Resources, Inc., formerly known as CONSOL Energy Inc.
Borrowings under the facility may be used for general corporate purposes, including working capital, capital expenditures, and permitted acquisitions. The increase in the facility was effectuated in connection with the merger of equals transaction between CONSOL Energy Inc. and Arch Resources, Inc., in which the two entities combined to create Core Natural Resources, Inc.
Core Natural Resources is a world-class producer and exporter of high-quality, low-cost coals, including metallurgical and high calorific value thermal coals.