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CONSOL Energy Sells $250M In Debt

CONSOL Energy will raise about $250 million in a sale of senior notes.

CONSOL Energy will raise about $250 million in a sale of senior notes. The bonds, which carry a coupon rate 6.37%, will mature on March 1, 2021. The joint book- running managers for the sale are Bank of America Merrill Lynch, PNC Capital, RBS and Scotia, adds Reuters.

The Pennsylvania-based energy company will use the proceeds from the offering to repay its outstanding 7.875% senior secured notes due March 1, 2012, to reduce outstanding indebtedness under the company's short term credit facilities and for general corporate purposes.

Click here for the release from PR Newswire.

Click here for additional coverage from Reuters.

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