CNX Midstream Partners LP, a wholly owned subsidiary of CNX (?CNXM? or the ?Partnership?), as borrower and certain of its subsidiaries as guarantor loan parties entered into a new Second Amended and Restated Credit Agreement for a senior secured revolving credit facility, dated as of May 17, 2024 (the ?CNXM Credit Agreement?) and maturing on May 17, 2029, with certain lenders and PNC Bank, National Association as administrative agent and collateral agent. The new $600.0 million senior secured revolving credit facility replaced the Company?s existing $600.0 million senior secured revolving credit facility which had been entered into as of October 6, 2021 (together with all amendments, supplements and modifications thereto, the ?Existing CNXM Facility?) and had a maturity of October 6, 2026.

The CNX Midstream facility is not subject to semi-annual redetermination. The CNXM Credit Agreement provides for a secured revolving credit facility (the ?CNXM Credit Facility?) in an aggregate outstanding principal amount of up to $600 million, including borrowings and letters of credit. In addition to refinancing all outstanding amounts under the Existing CNXM Facility, borrowings under the CNXM Credit Facility may be used by CNXM for general corporate purposes.

Interest on outstanding indebtedness under the CNXM Credit Facility currently accrues, at the Partnership?s option, 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 SOFR rate plus 1.0%, in each case, plus a margin ranging from 0.75% to 2.00%; or the SOFR rate plus a margin ranging from 1.85% to 3.10%. The CNXM Credit Facility matures on May 17, 2029.