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EQT Corporation Announces Expiration and Final Results of Exchange Offers and Consent Solicitations for EQM Midstream Partners, LP Notes
EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the expiration and final results of the previously announced (i) offers by EQT to Eligible Holders (as defined below) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes (the "Existing EQM Notes") issued by EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, for up to $4,541,839,000 aggregate
About this update from Eqt Corporation
[{"type":"text","content":"PITTSBURGH, March 31, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the expiration and final results of the previously announced (i) offers by EQT to Eligible Holders (as defined below) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes (the "Existing EQM Notes") issued by EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, for up to $4,541,839,000 aggregate principal amount of new notes to be issued by EQT (the "New Notes") and cash and (ii) related solicitation of consents (each, a "Consent Solicitation" and collectively, the "Consent Solicitations") by EQM from Eligible Holders to adopt certain proposed amendments (the "Proposed Amendments") to each of the indentures governing the Existing EQM Notes (the "Existing EQM Indentures") that, if adopted, would eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions currently contained in the Existing EQM Indentures.","length":1224,"tagName":"p"},{"type":"image","alt":"EQT Logo (June 2020) (PRNewsfoto/EQT Corporation)","displaySize":"","headline":null,"caption":"EQT Logo (June 2020) (PRNewsfoto/EQT Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":137,"url":"https://media.zenfs.com/en/prnewswire.com/c574f2e9ed7ac868d14a4fdc39e44398"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PkRnH3Z8.QClJUBY.K70Kw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c574f2e9ed7ac868d14a4fdc39e44398","width":400,"height":137}},"href":"https://mma.prnewswire.com/media/1213252/EQT_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Exchange Offers and Consent Solicitations expired at 5:00 p.m., New York City time, on March 28, 2025 (the "Expiration Date"). As of the Expiration Date, an aggregate of $3,869,493,000 principal amount of Existing EQM Notes have been validly tendered.","length":265,"tagName":"p"},{"type":"text","content":"The table below sets forth the principal amount of each series of Existing EQM Notes that have b...