updated 5/10/2010 1:41:04 PM ET 2010-05-10T17:41:04

CNX Gas Corp. said Monday it completed a new four-year, $700 million senior secured credit agreement.

The new agreement went into effect Friday, replacing a previous $200 million credit agreement.

Consol Energy owns about 63 percent of CNX, and in March, it agreed to buy the remaining 37 percent for about $363.4 million, or $38.25 per share.

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