CONSOL Coal Resources LP Enters into Amendment to the Previously Disclosed Affiliated Company Credit Agreement
June 11, 2020 at 04:33 pm EDT
On June 5, 2020, CONSOL Coal Resources LP and certain of its subsidiaries (collectively, the “Credit Parties”) entered into that certain Amendment No. 2 (the “Partnership Credit Facility Amendment”) to the previously disclosed Affiliated Company Credit Agreement (the “Original Affiliated Company Credit Agreement”) by and among the Credit Parties, CONSOL Energy Inc., as lender and administrative agent, and PNC Bank, National Association. Changes in Interest Rates. The Partnership Credit Facility Amendment effected a 50 basis points increase in the rate at which borrowings under the Partnership Credit Facility bear interest. The Partnership Credit Facility Amendment also added additional conditions to be met for the covenants relating to general investments, investments in unrestricted subsidiaries and distributions to equity holders of the Partnership.