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Stock impact report

CONSOL Provides an Update on its Liability Management Efforts and Guidance

CONSOL Energy Inc. (CEIX) 
Last consol energy inc. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.consolenergy.com
Company Research Source: PR Newswire
CANONSBURG, Pa., April 8, 2020 /PRNewswire/ -- During the first quarter of 2020, CONSOL Energy Inc. (NYSE: CEIX) took several steps to reduce its outstanding indebtedness, enhance liquidity and supplement access to capital.On the liability management front, CEIX repurchased in the open market approximately $43 million of its Second Lien debt that continued to trade at a significant discount to its par value. These repurchases provide a high rate of return and are credit accretive. In aggregate, when coupled with our Term Loan A, Term Loan B and finance lease repayments during the first quarter, we retired more than $50 million in principal with no material change in liquidity from year-end 2019.On the liquidity enhancement front, we completed multiple transactions during the quarter to provide additional sources of low-cost capital and to improve financial flexibility. First, we closed a sale-leaseback transaction on a set of longwall shields, which provided net cash proceeds of $16.3 Show less Read more
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