CNX Coal Resources, an MLP recently formed by CONSOL Energy to operate its Pennsylvania coal mines, raised $75 million by offering 5 million shares at $15, as expected. Hedge fund Greenlight Capital will purchase an additional 5 million shares at the same price in a concurrent private placement. The company had originally filed to sell 10 million shares to the public at a price of $19-$21. CNX Coal Resources LP plans to list on the NYSE under the symbol CNXC. BofA Merrill Lynch, Wells Fargo Securities, Citi, Jefferies, Scotiabank/Howard Weil, Credit Suisse, J.P. Morgan, Evercore Partners, BB&T Capital Markets, Goldman Sachs, Huntington Investment, Stifel and Nomura Securities acted as lead managers on the deal.
