Item 1.01. Entry into a Material Definitive Agreement.
On
Amendment No. 4 amended the Credit Agreement to, among other things,
(i) redetermine the Company's borrowing base to
• the highest of (i)PNC Bank, National Association's prime rate, (ii) the federal funds open rate plus 0.50%, and (iii) the one-month LIBOR rate plus 1.0%, in each case, plus a margin ranging from 0.75% to 1.75%; or • the LIBOR rate plus a margin ranging from 1.75% to 2.75%.
The total commitments from the lenders were reduced to
The foregoing description of Amendment No. 4 is not complete and is qualified in its entirety by reference to the full text of Amendment No. 4, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit 10.1# Amendment No. 4, dated as ofApril 24, 2020 , to the Second Amended and Restated Credit Agreement, dated as ofMarch 8, 2018 , amongCNX Resources Corporation , the guarantors party thereto, the lenders party thereto,JPMorgan Chase Bank, N.A ., as syndication agent, andPNC Bank, National Association , as administrative agent and collateral agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
# Confidential treatment has been requested for portions of this exhibit.
Omissions are designated with brackets containing asterisks.
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