Item 1.01. Entry into a Material Definitive Agreement.

On April 24, 2020, CNX Resources Corporation ("CNX" or the "Company"), the guarantors party thereto, the lenders party thereto and PNC Bank, National Association ("PNC"), as administrative agent and collateral agent, entered into Amendment No. 4 ("Amendment No. 4") to the credit agreement governing the Company's credit facility. Amendment No. 4 amends the Second Amended and Restated Credit Agreement, dated as of March 8, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), by and among the Company, the guarantors from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as syndication agent and PNC, as administrative agent and collateral agent.

Amendment No. 4 amended the Credit Agreement to, among other things, (i) redetermine the Company's borrowing base to $1.9 billion from $2.3 billion until the next scheduled redetermination, (ii) limit to $150 million the amount of balance sheet cash that the Company may have on hand when loans under the Credit Agreement are outstanding, subject to certain exceptions, (iii) raise the minimum percentage of the Company's proved reserves that must be subject to a mortgage to secure the obligations under the credit agreement to 85% and (iv) increase the rate of interest that accrues on outstanding indebtedness under the Credit Agreement, so that interest accrues at a rate based on either:



     •  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 $1.9 billion from $2.1 billion.

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 of April 24, 2020, to the Second
                     Amended and Restated Credit Agreement, dated as of March 8,
                     2018, among CNX Resources Corporation, the guarantors party
                     thereto, the lenders party thereto, JPMorgan Chase Bank, N.A.,
                     as syndication agent, and PNC 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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