CNX Coal Resources LP, an MLP recently formed by CONSOL Energy to operate its Pennsylvania coal mines, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
The Canonsburg, PA-based company, which was formed in 2015 and booked $334 million in historical sales for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol CNXC. BofA Merrill Lynch and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
