Consol Energy (NYSE:CNX) Offering $2.75 Billion of Debt to Fund Dominion Acquisition

Bloomberg News reported Tuesday that Consol Energy (NYSE:CNX) is marketing $2.75 billion of debt in a two-part offering, according to a person familiar with the transaction.

Proceeds will be used to fund the company's acquisition of assets from Dominion Resources (NYSE:D) and for general corporate purposes, said the person, who declined to be identified because terms aren't set.