Core Natural Resources完成CONSAL Energy、Arch Resources的合并

Core Natural Resources announced Tuesday the successful completion of the merger between CONSOL Energy (NYSE:CEIX) and Arch Resources (NYSE:ARCH), after receiving support of more than 99% of the companies' respective shareholders last week.

Core will start trading on the New York Stock Exchange under the CNR ticker symbol starting January 15.

According to the merger deal terms, Arch (ARCH) stockholders received 1.326 shares of Core for each issued and outstanding Arch share.

In conjunction with the closing of the merger, Core said it amended and extended the previous CONSOL (CEIX) revolving credit facility, upsizing commitments to $600M from $355M previously while extending the maturity to April 2029.

Former CONSOL (CEIX) Chair and CEO Jimmy Brock will serve as executive chair of Core's board, and former Arch (ARCH) CEO and board member Paul Lang will become Core's CEO and a member of the Core board.